- 1 - HC-KAR NC: 2026:KHC:29025 WP No. 17677 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 15TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 17677 OF 2022 (GM-RES) BETWEEN: M/s.MONISHA JEWELLERY PROP. M N BALAMURUGAN AGED ABOUT 55 YEARS R/AT 1564, EAST END MAIN ROAD 9TH BLOCK, JAYANAGAR, BENGALURU-560069. …PETITIONER (BY SMT. KAVITHA D., ADVOCATE) AND: 1. M/s. UNION BANK OF INDIA REPRESENTED BY ITS SENIOR AUTHORIZED OFFICER OFFICE/AT NO.6, GANDHI BAZAAR BASAVANAGUDI, BANGALORE-560004. 2. M/s.UNION BANK OF INDIA EARLIER CORPORATION BANK AUTHORISED OFFICER OF THE BRANCH ASSET RECOVERY BRANCH OFFICE/AT 583,584 2ND FLOOR PUJA COMPLEX, AVENUE ROAD BANGALORE, KARNATAKA-560002. 3. M/s.UNION BANK OF INDIA, AGM OFFICE/AT 10-A, CHANDRAKIRAN KASTURBA ROAD, BANGALORE Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:29025 WP No. 17677 of 2022 4. KARNATAKA 560001 REP. BY ITS AUTHORIZED OFFICER. M/s.UNION BANK OF INDIA, DGM OFFICE/AT 10-A, CHANDRAKIRAN KASTURBA ROAD, BANGALORE KARNATAKA-560001 REP. BY ITS AUTHORIZED OFFICER. …RESPONDENTS (BY SMT. DIVYA PURANDAR., ADVOCATE FOR R1) (R2,R3,R4 ARE SERVED) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE RESPONDENT BANK TO KINDLY CONSIDER THE REPRESENTATION LETTER DTD.9.8.2022 AS PER ANNEXURE-N AND DIRECT TO THE RESPONDENT BANK PENDING THE DISPOSAL OF THE W.P. AND TILL THE CONSIDERATION OF ANNEXURE-N NOT TO PROCEED FURTHER WITH ANY ACTION AGAINST THE SCHEDULE PROPERTY OF PETITIONER AND GIVE DIRECTION TO THE RESPONDENT BANK TO ALLOW PETITIONER TO OPERATE THE ACCOUNT NO.510101000019851 WHICH HAS BEEN FREEZED BY THE RESPONDENT BANK. 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 - 3 - HC-KAR NC: 2026:KHC:29025 WP No. 17677 of 2022 ORAL ORDER This petition is filed in the light of action initiated by the respondent-bank under the provisions of 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. 3. Time consumed in prosecuting this petition shall be considered for the purpose of condonation of delay if steps are taken within 30 days from the date of receipt of certified copy of this order. Sd/- (M.G.S. KAMAL) JUDGE SBN LIST NO.: 1 SL NO.: 54