- 1 - HC-KAR NC: 2026:KHC:15708 CRL.P No. 1597 of 2019 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF MARCH, 2026 BEFORE THE HON'BLE MR. JUSTICE R. NATARAJ CRIMINAL PETITION NO. 1597 OF 2019 BETWEEN: 1. SRI. VIJAYKUMAR M S/O B.L. MUNIYAPPA AGED ABOUT 50 YEARS NO.1229, 17TH MAIN 1ST STAGE, 1ST PHASE BTM LAYOUT BANGALORE-560 029 ALSO AT: MR. VIJAY KUMAR M M/S ARUN PACKAGING B-78, BIA, BOMMASANDRA BANGALORE-562 158 ALSO AT MR VIJAYKUMAR M NO.165/1, 16TH MAIN ROAD N.S.PALYA, BTM LAYOUT BANGALORE-560 076 2. SMT. AMITHA VIJAY W/O VIJAYKUMAR M AGED ABOUT 38 YEARS NO.1229, 17TH MAIN 1ST STAGE, 1ST PHASE BTM LAYOUT BANGALORE-560 029 ALSO AT SMT. AMITHA VIJAY NO.165/1, 16TH MAIN ROAD N.S.PALYA, BTM LAYOUT Digitally signed by SUMA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:15708 CRL.P No. 1597 of 2019 BANGALORE-560 076 …PETITIONERS (BY SRI. N. RAVINDRANATH KAMATH, [DESIGNATED AS SENIOR COUNSEL]) AND: M/S. ASSETS RECONSTRUCTION COMPANY (INDIA) LIMITED (HEREINAFTER REFERRED TO AS ARCIL) A SECURITISATION & ASSET RECONSTRUCTION COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT 17TH FLOOR, EXPRESS TOWERS NARIMAN POINT MUMBAI-400 021 INTERALIA IS BRANCH OFFICE AT UNIT NO.305, 3RD FLOOR KEDIA ARCADE, NO.92 INFANTRY ROAD BANGALORE-560 051 REPRESENTED BY ITS AUTHORISED OFFICER MR. G. HARISH KUMAR …RESPONDENT (BY SRI. B.C. AVINASH, ADVOCATE) THIS CRL.P IS FILED UNDER SECTION 482 OF THE CODE OF CRIMINAL PROCEDURE, 1973 PRAYING TO QUASH THE ENTIRE CRIMINAL PROCEEDINGS INITIATED BY THE 1ST RESPONDENT IN CRL.MISC.NO.4657/2018 ON THE FILE OF VI ADDL.C.M.M., BENGALURU PRODUCED AT ANNEXURE-D. THIS PETITION, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE R. NATARAJ - 3 - HC-KAR NC: 2026:KHC:15708 CRL.P No. 1597 of 2019 ORAL ORDER The petitioner has challenged the proceedings initiated under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short 'the SARFAESI Act, 2002') by the respondent in C.Misc.No.7149/2015. 2. When this petition was listed for admission, the learned counsel for the petitioner is absent but the learned counsel for the respondent submits that the petitioners have already paid the outstanding and have cleared the loan and therefore, this petition has become infructuous. 3. In view of the aforesaid submission, this petition is dismissed as it does not survive for consideration. Sd/- (R. NATARAJ) JUDGE BKN List No.: 1 Sl No.: 25