- 1 - HC-KAR CNR: KAHC010528492023 NC: 2026:KHC:39627 WP No. 22740 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. 22740 OF 2023 (GM-RES) BETWEEN: 1. SRI. SANTHOSH T NAIK S/O LATE THIMMAPPA, AGED ABOUT 51 YEARS, 2. SMT MAMATHA SANTHOSH W/O SRI SANTHOSH T NAIK, AGED ABOUT 41 YEARS, BOTH ARE RESIDING AT NO.22, SAMENTHU, 3RD CROSS, MUNISWAMAPPA LAYOUT, SINGAPURA, VIDYARANYAPURA POST, BENGALURU - 560 097 …PETITIONERS (BY SRI. G.K. SHIVA PRAKASH, ADVOCATE) AND: THE AUTHORIZED OFFICER/ CHIEF MANAGER, FOR UNION BANK OF INDIA, ANNAPURANESHWARI NAGAR BRANCH, NO.2, SRI KAMALA 60 FEET ROAD, 15TH CROSS 2ND MAIN, HEALTH LAYOUT, ANNAPURANESHWARI NAGAR, NAGARBHAVI 2ND STAGE, BENGALURU - 560 091 …RESPONDENT Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010528492023 NC: 2026:KHC:39627 WP No. 22740 of 2023 THIS WP IS FILED UNDER ARTICLE 227 OF THE CONSTITUTION OF INDIA PRAYING TO-QUASH THE IMPUGNED ORDER DATED 13.07.2023 PASSED ON THE FILE OF THE 1ST ACMM BANGALORE, IN M.MISC.3008/2023 ISSUED BY THE RESPONDENT AS PER ANNEXURE-A, IRECT THE RESPONDENT BANK TO CONSIDER ONE TIME SETTLEMENT (OTS) REQUESTS OF THE PETITIONERS ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL ORAL ORDER This petition is filed in view of the respondent initiating the proceedings under the SARFAESI Act. Since an alternate effective remedy provided under the Act, the petitioner is at liberty to avail the same if so advised, within 30 days from the date of the receipt of certified 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. Accordingly, the writ petition is disposed of. Sd/- (M.G.S. KAMAL) JUDGE SPV List No.: 1 Sl No.: 12