- 1 - HC-KAR CNR: KAHC010536522023 NC: 2026:KHC:39402 WP No. 22986 of 2023 C/W WP No. 21833 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28TH DAY OF JULY, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 22986 OF 2023 (GM-RES) C/W WRIT PETITION NO. 21833 OF 2023 (GM-RES) IN WP No. 22986/2023 BETWEEN: SMT. GAYATHRI D/O LATE NAGARAJ, AGED ABOUT 31 YEARS R/O FLAT NO. 110, FIRST FLOOR, SRI. SAI LAKE VILLE APARTMENTS MUNICIPAL NO. 291/SY.NO. 6/2, BALEGERE VILLAGE, VARTHUR HOBLI BANGALORE EAST - 560 087. …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 AUTHORIZED OFFICER HAVING ITS REGIONAL OFFICE AT NO. 137, HMG AMBASSADOR, 9T FLOOR, SOUTH WING RESIDENCY ROAD, BENGAULRU - 560 025. EMAIL: ro.southcentral@lichousing.com Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010536522023 NC: 2026:KHC:39402 WP No. 22986 of 2023 C/W WP No. 21833 of 2023 2. M/S M.K. BUILDERS A PARTNERSHIP FIRM HAVING ITS OFFICE AT GOVINDARAJU, NO.11, K.T. ANKAREDDY LAYOUT, 1ST CROSS, PWD MAIN ROAD, B NARAYANAPURA, BANGALORE - 560 016 DULY REPRESENTED BY ITS MANAGING PARTNER MR. P. KRISHNAMURTHY. …RESPONDENTS THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE IMPUGNED PHYSICAL POSSESSION NOTICE BEING THE IMPUGNED NOTICE DTD 07.09.2023 ISSUED BY THE R-1 ANNX-A AND ETC., IN WP NO. 21833/2023 BETWEEN: MR. K.V. RATNACHARI @ VENKATARATNACHARI K S/O CHENCHAIAH AGED ABOUT 47 YEARS R/O KAMEPALLI ROAD KONDAPPI VILLAGE PRAKASAM DISTRICT, ANDHRA PRADESH. ...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 AUTHORIZED OFFICER HAVING ITS REGIONAL OFFICE AT NO. 137, - 3 - HC-KAR CNR: KAHC010536522023 NC: 2026:KHC:39402 WP No. 22986 of 2023 C/W WP No. 21833 of 2023 HMG AMBASSADOR, 9T FLOOR, SOUTH WING RESIDENCY ROAD, BENGAULRU - 560 025. EMAIL: ro.southcentral@lichousing.com 2. M/S M.K. BUILDERS A PARTNERSHIP FIRM HAVING ITS OFFICE AT GOVINDARAJU, NO.11, K.T. ANKAREDDY LAYOUT, 1ST CROSS, PWD MAIN ROAD, B NARAYANAPURA, BANGALORE - 560 016 DULY REPRESENTED BY ITS MANAGING PARTNER MR. P. KRISHNAMURTHY. ...RESPONDENTS (R1 IS SERVED AND UNREPRESENTED) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE IMPUGNED PHYSICAL POSSESSION NOTICE BEING THE IMPUGNED NOTICE DATED 07/09/2023 ISSUED BY THE R1 AT ANNEXURE-A. THESE PETITIONS, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL COMMON ORAL ORDER 1. These petitions are filed in view of the respondent-bank initiating the proceedings under the SARFAESI Act. Since an alternate effective remedy provided under the Act, the petitioners are at liberty to avail the same if so advised, within 30 days from the date of the receipt of certified - 4 - HC-KAR CNR: KAHC010536522023 NC: 2026:KHC:39402 WP No. 22986 of 2023 C/W WP No. 21833 of 2023 copy of this order. If such steps are taken within the stipulated time, time consumed in this writ petition will be considered for condonation of delay. 2. Accordingly, the writ petitions are disposed of. SD/- (M.G.S. KAMAL) JUDGE SPV List No.: 1 Sl No.: 20