- 1 - HC-KAR NC: 2026:KHC:31562 WP No. 14680 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 14680 OF 2022 (GM-RES) BETWEEN: 1. MRS. RATHANMMA D/O CHOWDANAYAKA, AGED ABOUT 58 YEARS, NO.10 THAMMADA GERI STREET, HINKAL, VIJAYANAGARA II STAGE, MYSURU, KARNATAKA - 570 017. 2. SOMASHEKARA AGED ABOUT 36 YEARS, NO.10 THAMMADA GERI STREET, HINKAL,VIJAYANAGAR II STAGE, MYSURU, KARNATAKA - 570 017. …PETITIONERS (BY SRI. SHIVAPRAKASH P V.,ADVOCATE) AND: 1. M/S. EQUITAS SMALL FINANCE BANK LIMITED REPRESENTED BY ITS DEPUTY MANAGER, MR. FERNANDEZ H SPENSER PLAZA, 4TH FLOOR, PHASE II, NO.769, MOUNT ROAD, ANNASALAI, CHENNAI - 600 002. 2. M/S EQUITAS SMALL FINANCE BANK LIMITED., REPRESENTED BY ITS BRANCH MANAGER AUTHORISED OFFICER, BRANCH AT MYSURU, ADICHUNCHANAGIRI ROAD, Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:31562 WP No. 14680 of 2022 MEBT MYSURU - 570 023. 3. P H VINOD PANDIAN THE SOLE ARBITRATOR NO.74 AND 76, II AND III FLOORS, MARSHALLA ROAD EGMORE, CHENNAI-600 008. …RESPONDENTS (BY SRI. VIJAY S.,ADVOCATE FOR R1 & R2; R3- SERVED) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO QUASH IMPUGNED ORDER OF RESTRUCTURING THE LOAN- REPAYMENT INSTALMENT AT ANNEXURE-B DTD 05.11.2020 INCREASING THE INSTALMENT FROM 120 INSTALLMENT TO 151 INSTALMENT, ISSUED BY THE R1 M/S EQUITAS SMALL FINANCE BANK LIMITED REPRESENTED BY ITS AUTHORISED OFFICER, BRANCH AT MYSURU, ADICHUNCHANAGERI ROAD, MEBT MYSURU AND ETC. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL ORAL ORDER None appears for the petitioners. 2. Learned counsel for the respondents is present. 3. This petition has arose on account of steps being taken by the respondents-institution under the provisions of - 3 - HC-KAR NC: 2026:KHC:31562 WP No. 14680 of 2022 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, (SARFAESI Act). 4. Since effective statutory alternative remedy is provided under the SARFAESI Act, reserving liberty to the petitioners to avail such remedy, petition is disposed of. 5. Time consumed in prosecuting this petition shall be exempted for the purpose of limitation, if steps are initiated within a period of 30 days from the date of receipt of certified copy of this order. Sd/- (M.G.S. KAMAL) JUDGE RU List No.: 1 Sl No.: 46