- 1 - HC-KAR CNR: KAHC010583392023 NC: 2026:KHC:42462 WP No. 24869 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 11TH DAY OF AUGUST, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 24869 OF 2023 (GM-RES) BETWEEN: 1. SRI T SARAVANA SON OF G TANGARAJU AGED ABOUT 42 YEARS, NO. 10, 2ND FLOOR, VASANTHAPURA VILLAGE, UTTARRAHALLI HOBLI, BENGALURU - 560 061. 2. SRI S SRINIVAS SON OF SUBBAIAH, AGED ABOUT 41 YEARS, NO. 10, GROUND FLOOR, VASANTHAPURA VILLAGE, UTTARRAHALLI HOBLI BENGALURU - 560 061. …PETITIONERS (BY SRI. S R SREEPRASAD.,ADVOCATE) AND: 1. THE AUTHORISED OFFICER/CHIEF MANAGER THE KADUR VYASYA BANK LIMITED DIVISIONAL OFFICE BUILDING, NO.6, SRI VASAVI TEMPLE ROAD, NEAR SAJJAN RAO CIRCLE VV PURAM, BENGALURU - 560 004. 2. MR OMKARESHWAR AGED ABOUT 41 YEARS, Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010583392023 NC: 2026:KHC:42462 WP No. 24869 of 2023 SON OF SUBBAIAH, NO. 10, VASANTHAPURA VILLAGE, UTTARAHALLI HOBLI, BENGALURU - 560061. …RESPONDENTS THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO - QUASH THE FURTHER PROCEEDINGS PURSUANT TO THE NOTICE DATED 17.08.2023 PRODUCED VIDE ANNEXURE-A ISSUED BY THE R1 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 1. This petition arises out of action initiated by the respondent No.1-Authorised officer in terms of the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. Petitioner claims to be a tenant in respect of the secured asset. 2. Since effective statutory alternative remedy is provided under the SARFAESI Act, reserving liberty to the petitioners to avail such remedy, if so advised, petition is disposed of. - 3 - HC-KAR CNR: KAHC010583392023 NC: 2026:KHC:42462 WP No. 24869 of 2023 3. Time consumed in prosecuting this petition may be considered for condonation of delay in accordance with law, 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 RL List No.: 1 Sl No.: 12