- 1 - HC-KAR NC: 2026:KHC:27627 WP No. 17270 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 9TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 17270 OF 2023 (GM-RES) BETWEEN: 1. MR. R SRINIVAS S/O RAMAPPA MUNIVENKATAPPA, AGED ABOUT MAJOR, PROPRIETOR OF M/s.KRS BUILDERS 1/B, RAVINDRA NILAYA, 5TH CROSS, 1ST MAIN, ACHEMMA ROAD, RAMAPPA LAYOUT, PUTTENAHALLI, J P NAGARA, 7TH PHASE, BANGALORE - 560 078. 2. MRS GEETHA S W/O SRINIVAS R, AGED ABOUT MAJOR, NO 3, KATHA NO.46/1, WARD NO.187, PUTTENAHALLI VILLAGE, UTTARHALLI HOBLI, BANGALORE - 560 078. …PETITIONERS (BY SRI. RAMU S., ADVOCATE) AND: 1. M/s.KARVY FINANCIAL SERVICES LIMITED HAVING BRANCH OFFICE AT KARVY MILLENNIUM BUILDING, 3RD FLOOR, EAST WING, NANAKRAMGUDA, GACHIBOWLI, HYDRABAD - 500 032. Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:27627 WP No. 17270 of 2023 REP. BY ITS AUTHORISED OFFICER/MANAGER SRI SHRIRAMAKRISHNA RAO BAMARAJU, S/O D M C RAO, AGED ABOUT 45 YEARS …RESPONDENT (BY SRI. DILEEP D., ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA, PRAYING TO SET ASIDE THE ORDER DATED 04.10.2021, PASSED IN CRL.MISC.1421/2021, ON THE FILE OF XXX ACMM BANGALORE AT ANNEXURE-C 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 M.G.S. KAMAL ORAL ORDER This petition is filed being aggrieved by the initiation of recovery proceedings by the respondent under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). 2. Since effective and alternate remedy is provided under the SARFAESI Act, reserving liberty to avail such remedy, if so advised, petition is disposed of. Sd/- (M.G.S. KAMAL) JUDGE SBN List No.: 1 Sl No.: 53