- 1 - HC-KAR NC: 2025:KHC:49285 WP No. 4230 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF NOVEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO.4230 OF 2023 (GM-RES) BETWEEN: 1. M/S BULLS EYE MEDIA PVT LTD ( A REGISTERED COMPANY UNDER THE COMPANIES ACT) HAVING ITS REGISTRED OFFICE AT NO.40, LGF, NATIONAL PARK LAJPATH NAGAR PART IV NEW DELHI - 110024. HAVING ITS BRANCH OFFICE AT NO.615/A 2ND FLOOR, 10TH MAIN 31ST CROSS, 4TH 'T' BLOCK JAYANAGAR BENGALURU - 560011 REPRESENTED BY ITS DIRECTOR MR. MUKESH KUMAR. …PETITIONER (BY SRI. BHARATH KUMAR V., ADVOCATE) AND: 1. STATE BANK OF INDIA GIRINAGAR BRANCH HAVING ITS OFFICER AT NO.178, T M PLAZA AVALAHALLI MAIN ROAD Digitally signed by ARUNKUMAR M S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:49285 WP No. 4230 of 2023 GIRINAGAR, BSK 3RD STAGE BENGALURU - 560085 REPRESENTED BY ITS CHIEF MANAGER AND AUTHORIZED OFFICER UNDER THE SARFAESI ACT. …RESPONDENT (BY SRI. NANDISH PATIL, ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT IN THE NATURE OF MANDAMUS, DECLARING THE ACTION OF THE RESPONDENTS HEREIN IN CLASSIFYING THE FINANCIAL ASSISTANCE/ CREDIT FACILITIES ADVANCED TO THE PETITIONER AS A NON PERFORMING ASSET ON 29.06.2022, AS BAD IN LAW (ANNEXURE-A) AND ETC. THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN 'B' GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE E.S.INDIRESH ORAL ORDER 1. Heard the learned counsel appearing for the parties. 2. The proceedings in this writ petition having arisen out of the notice issued to the petitioner under S.13(2) of the - 3 - HC-KAR NC: 2025:KHC:49285 WP No. 4230 of 2023 Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and therefore, I am of the view that, the petitioner is having efficacious remedy under S.17 of the SARFAESI Act. Accordingly, reserving liberty to the petitioner to approach the competent Tribunal, the writ petition is disposed of. 3. All contentions of the parties are kept open. 4. It is submitted by the learned counsel appearing for the petitioner, that the petitioner would approach the competent Tribunal. In that view of the matter, the time spent by the petitioner before this Court be condoned under Section 14 of the Limitation Act and the respondent - Bank shall not precipitate any action against the petitioner herein, for a period of four weeks from today. SD/- (E.S.INDIRESH) JUDGE sac List No.: 1 Sl No.: 44