- 1 - HC-KAR CNR: KAHC010532272023 NC: 2026:KHC:38306 WP No. 22881 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF JULY, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 22881 OF 2023 (GM-RES) BETWEEN: 1. MR C VIJAYKUMAR S/O SRI. C. CHINNABBA, AGED ABOUT 39 YEARS, RESIDING AT FLAT NO. 111, THIRD FLOOR, SRI SAI LAKE VILLE APARTMENTS, MUNICIPAL NO. 291//SY.NO. 6/2 BALEGERE VILLAGE, VARTHUR HOBLI, BANGALORE EAST, MOBILE NO. 9972764313 …PETITIONER (BY SRI. VASANTH KUMAR B G.,ADVOCATE) AND: 1. M/S LIC HOUSING FINANCE LIMITED A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 REPRESENTED BY ITS AUHTHORISED OFFICER HAVINT ITS REGIONAL OFFICE AT NO. 137 HMG AMBASSADOR, 9TH FLOOR, SOUTH WING, RESIDENCY ROAD, BENGALURU-560025. EMAIL. RO.SOUTHCENTRAL @LICHOUSING.COM Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010532272023 NC: 2026:KHC:38306 WP No. 22881 of 2023 2. M/S M.K BUILDERS A PARTNERSHIP FIRM HAVING ITS OFFCIE AT GOVINDARAJU, NO. 11 K.T. ANKAREDDY LAYOUT, 1ST CROSS, PWD MAIN ROAD, B. NARAYNAPURA, BANGALORE-560016. DULY REPRESENTED BY ITS MANAGING PARTNER MR. P. KRISHNAMURTHY …RESPONDENTS (BY SRI.VASANTHA V. FERNANDES .,ADVOCATE FOR R2) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO-QUASH THE IMPUGNED PHYSICAL POSSESSION NOTICE BEING THE IMPUGNED NOTICE DTD 07.09.2023 ISSUED BY THE R1 AT ANNEXURE-A. 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 This petition arises out of proceeding initiated under the Provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short `SARFAESI Act, 2002'). - 3 - HC-KAR CNR: KAHC010532272023 NC: 2026:KHC:38306 WP No. 22881 of 2023 2. Since alternate efficacious remedy is provided under the SARFAESI Act, reserving liberty to avail such remedy to the petitioner, if so advised within 30 days from the date of receipt of copy of this order, the petition is disposed of. If such steps are taken within 30 days, time consumed in prosecuting the present writ petition, shall be considered for condonation of delay. Sd/- (M.G.S. KAMAL) JUDGE HR List No.: 1 Sl No.: 17