- 1 - HC-KAR NC: 2026:KHC:29577 WP No. 29440 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.I.ARUN WRIT PETITION NO. 29440 OF 2025 (CS-RES) BETWEEN: SRI. B.S. KARUNAKARAN S/O LATE B.S. NIRANJAN, AGED ABOUT 63 YEARS, R/AT VASUNDARA NIVASA, 15TH CROSS, SOMESHWARA EXTENSION, TUMKURU - 572 102. …PETITIONER (BY SRI. MANU SHANKAR S.S., ADVOCATE (ABSENT)) AND: 1. SHIVA SHREE SOUDHARDHA CREDIT CO-OPP. LIMITED, OFFICE AT 7TH CROSS, ASHOK NAGAR, TUMKURU - 572 103. REPRESENTED BY CHIEF EXECUTIVE OFFICER SRI. PAVAN. 2. THE RECOVERY OFFICER AND ASSISTANT REGISTRAR OF CO-OPERATIVE SOCIETIES, KARNATAKA STATE SOUHARDA SAMYUKTA CO-OPERATIVE LIMITED, NO. 68, 1ST FLOOR, BETWEEN 17 AND 18TH CROSS, MARGOSA ROAD, MALLESHWARAM, BANGALORE - 560 055. Digitally signed by V MANJUSHA BAI Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:29577 WP No. 29440 of 2025 REPRESENTED BY RECOVERY OFFICER HARISH KUMAR B.V. 3. SRI. B.N. KUMARASWAMY, S/O LATE S. NIRANJAN, AGED ABOUT 55 YEARS, R/AT SKANDA NILAYA, 16TH CROSS, S.S. PURAM, TUMKUR - 572 102. …RESPONDENTS (BY SMT. SPOORTHI V., HCGP FOR R2; R1 AND R3 SERVED BUT UNREPRESENTED) THIS WRIT PETITION IS FILED UNDER ARTICLE 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED AUCTION NOTICE DATED 08-09-2025 (ANNEXURE- D) ISSUED BY THE 2ND RESPONDENT IN EXECUTION PETITION NO. KA.RA.SOU.SAM.SA.NI/SA.SOM.SA.NI/VV.HA109/2025-26, IN PURSUANCE OF THE EX PARTE AWARD DATED 22-01-2025 AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.I.ARUN - 3 - HC-KAR NC: 2026:KHC:29577 WP No. 29440 of 2025 ORAL ORDER The petitioner has challenged the recovery proceedings initiated by respondent No.1 - Society pursuant to a default committed in respect to loan advanced. The proceedings have been initiated under the provisions of the Karnataka Souhardha Sahakari Act, 1997 (for short, 'the Act'). 2. It is seen that the petitioner is having an alternative and efficacious remedy under Section 46 of the Act. However, this Court had passed an interim order dated 26.09.2025 which reads as under: "Learned Additional Government Advocate is directed to accept notice for respondent No.2. Issue emergent notice to respondent Nos.1 and 3. Though this writ petition is not maintainable in view of an alternative remedy before the respondent No.2, since it is contended by the learned counsel for the petitioner that the petitioner is willing to deposit the amount demanded by the respondent No.1 if reasonable time is granted, this petition is - 4 - HC-KAR NC: 2026:KHC:29577 WP No. 29440 of 2025 entertained. The respondent Nos.1 and 2 are restrained from taking any further action pursuant to Annexure - D, subject to the petitioner depositing 50% of Rs.24,11,56,767/- within six weeks and also deposit the balance amount within eight weeks thereafter. It is made clear that if the petitioner fails to deposit the amounts as aforementioned, the respondent Nos.1 and 2 are at liberty to proceed in accordance with law. In the meanwhile office objections shall be complied. Hand delivery of this order is permitted." 3. Having noticed that the petitioner is having an alternative and efficacious remedy, the Writ Petition is hereby dismissed, reserving liberty to the petitioner to approach the Appellate Authority in the manner known to law. However, the interim order granted by this Court on 26.09.2025 shall continue for a further period of four (4) weeks from today. - 5 - HC-KAR NC: 2026:KHC:29577 WP No. 29440 of 2025 4. It is hereby made clear that no opinion is expressed on the merits of the case and if an appeal were to be filed, the Appellate Authority shall decide the same in the manner known to law, without being influenced by any of the observations made herein above. 5. The petitioner shall also be entitled to the benefit of Section 14 of the Limitation Act, 1963, if any appeal were to be filed by him. Sd/- (M.I.ARUN) JUDGE MCR List No.: 1 Sl No.: 27