- 1 - NC: 2025:KHC:18263 WP No. 13920 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 15TH DAY OF MAY, 2025 BEFORE THE HON'BLE MR JUSTICE M.G.S. KAMAL WRIT PETITION NO. 13920 OF 2025 (GM-RES) BETWEEN: 1. SMT. GOWRAMMA H.K. W/O. T. RUDRAMUNI, AGED ABOUT 40 YEARS, 2. SRI. RUDRAMUNI S/O. THIPPANI, AGED ABOUT 45 YEARS, BOTH PETITIONERS NO.1 & 2 ARE RESIDING AT NO.4, 7TH CROSS, VIDYAMANYA NAGAR, ANDRAHALLI, BENGALURU - 560 091. …PETITIONERS (BY SRI. SARAVANA G., ADVOCATE) AND: THE AUTHORISED OFFICER, INDIAN BANK, NEW THIPPASANDRA BRANCH, REPRESENTED BY ITS CHIEF MANAGER, SRI. MADHU MANGAL MEHER, NO.622, 12TH STAGE, BENGALURU - 560 008. …RESPONDENT THIS W.P. IS FILED UNDER ARTICLE 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED ORDER DATED 15.01.2025 (VIDE ANNEXURE-B), PASSED BY THE HONBLE CHIEF JUDICIAL MAGISTRATE, RURAL COURT, BENGALURU RURAL, IN CRL. MISC. NO. 1682/2024, UNDER SECTION 14 OF THE Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - NC: 2025:KHC:18263 WP No. 13920 of 2025 SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (ACT 54 OF 2002) AND THE ENFORCEMENT RULES, 2002, ON THE GROUNDS THAT THE SAME IS EXCESSIVE, ILLEGAL, AND UNSUSTAINABLE, AND CONSEQUENTLY SET ASIDE THE SAID ORDER AND ETC., THIS W.P., COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE M.G.S. KAMAL ORAL ORDER The present petition is filed challenging the order passed under Section 14 of the SARFAESI Act, 2002. Learned counsel for the petitioners submits that since alternative statutory remedy is provided, he may be reserved liberty to seek such remedy with an interim protection till then. Hence, the petition is disposed of with liberty as sought for. Respondent -bank shall not precipitate the matter for a period of two weeks from today. SD/- (M.G.S. KAMAL) JUDGE SPV List No.: 1 Sl No.: 140