Summary:
Gupta was appointed as RC, Bengaluru Division, on July 1, 2019. Mid-August he was appointed the de-facto Competent Authority, IMA, after the government designated RC Bengaluru as the Competent Authority for IMA). The HC, under a PIL, is monitoring the actions being taken by various authorities for the IMA case. “l have filed various periodic status reports to the Hon’ble HC about actions taken as a Competent authority under Karnataka Protection of Interest of Depositors in Financial Establishments Act (KPIDFE), 2004. The Court has not commented at any of these hearings that a separate exclusive post should be created for the work of Competent Authority under KPIDFE Act, 2004,” Gupta has written..