- 1 - NC: 2025:KHC:18331 WP No. 14862 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 22ND DAY OF MAY, 2025 BEFORE THE HON'BLE MR JUSTICE C M JOSHI WRIT PETITION NO. 14862 OF 2025 (GM-RES) BETWEEN: 1. M/S. VINAYAKA HANDICRAFTS, REPRESENTED BY A SOLE PROPRIETOR, MR. V. HARISH S/O. ARUNAGIRI ACHAR, AGED ABOUT 39 YEARS, RESIDING AT NO.11, MARUTHI LAYOUT, MARUGUNDANAHALLI, ANANDAPURA, BANGALORE - 560 036. 2. MR. HARISH, S/O. ARUNAGIRI ACHAR, AGED ABOUT 39 YEARS, PROP: M/S.VINAYAKA HANDICRAFTS, RESIDING AT NO.364, 3. MRS. V. POORNIMA W/O. V. HARISH AGED ABOUT 39 YEARS, BOTH 2ND AND 3RD PETITIONERS ARE RESIDING AT NO.364, BOOMI REDDY LAYOUT, 4TH "A" CROSS, AYYAPPA TEMPLE'S BACKSIDE, NEW TIPPASANDRA, BANGLORE - 560 075. …PETITIONERS (BY SRI.M.T.JAGANMOHAN, ADVOCATE) Digitally signed by NANDINI R Location: HIGH COURT OF KARNATAKA - 2 - NC: 2025:KHC:18331 WP No. 14862 of 2025 AND: THE AUTHORIZED OFFICER THE INDIAN BANK, (STRESSED ASSET MANAGEMENT BRANCH), REPRESENTED BY CHIEF MANAGER, NO.10, 1ST FLOOR, INDIAN BANK BUILDING, K.G.ROAD, BANGALORE - 560 009. …RESPONDENT (BY SRI.K.R.PARASHURAM, ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED SALE NOTICE DATED 09.05.2025 IN RESPECT OF THE SCHEDULE A AND B IMMOVABLE PROPERTY VIDE ANNEXURE-K ISSUED BY THE RESPONDENT BANK U/R 6 (2) AND 8 (6) OF THE SECURITY INTEREST (ENFORCEMENT RULES) 2002 UNDER THE SECULARIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 IS EXCESSIVE ILLEGAL AND UNSUSTAINABLE AND SET ASIDE BY ISSUING THE WRIT IN THE NATURE OF CERTIORARI. THIS WRIT PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE C M JOSHI - 3 - NC: 2025:KHC:18331 WP No. 14862 of 2025 ORAL ORDER Heard learned counsel for the petitioners and learned counsel for the respondent. 2. This Court had granted ample opportunities by virtue of the order in WP No.30105/2024, which was not fully complied by the petitioners. In that view of the matter, there is no reason for any interim order. The petitioner is at liberty to pay the entire amount within thirty days from the date of the auction. In view of the above, writ petition is disposed of. Sd/- (C M JOSHI) JUDGE DS List No.: 1 Sl No.: 22