- 1 - HC-KAR CNR: KAHC010146062017 NC: 2026:KHC:42436 WP No. 55772 of 2017 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. 55772 OF 2017 (GM-RES) BETWEEN: 1. YASHAS MINERALS NO.98/1, BEHIND ROYAL RESIDENCE HOTEL MEDAHALLI, VIRGONAGAR POST BENGALURU -560 049 REP BY ITS PROPRIETOR SRI K C NARAYANA SWAMY …PETITIONER (BY SRI. RAHAMATHULLA SHARIEFF., ADVOCATE) AND: 1. AUTHORIZED OFFICER SYNDICATE BANK RO, BANGALORE-560001 II FLOOR NO.110, RADHA VITTALA MANSION R.V. ROAD, VV PURAM BENGALURU-560 004 …RESPONDENT (BY SRI. M.MOHAN RAO., ADVOCATE) THIS WP IS FILED UNDER ARTICLE 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED NOTICE ISSUED BY THE RESPONDENT WHEREIN HE HAS MADE Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010146062017 NC: 2026:KHC:42436 WP No. 55772 of 2017 A FALSE DEMAND OF RS.21,71,236.09, RS.22,68,262.55, RS.55,23,115.92, RS.99,65,614.56 BY ISSUING A NOTICE U/SEC.13(2) OF THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (HEREINAFTER CALLED AS 'ACT ') DATED 5.12.2017 AT ANNEX-A PUBLISHED IN THE DAILY INDIAN EXPRESS AND KANNADA PRABHA. THIS WRIT PETITION IS 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 respondent - authorised officer initiating proceedings under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 2. Since an effective alternate statutory remedy is provided under the Act, reserving liberty to the petitioner to avail such remedy, if so advised, within 30 days from the date of this certified copy of this order, petition is disposed of. - 3 - HC-KAR CNR: KAHC010146062017 NC: 2026:KHC:42436 WP No. 55772 of 2017 3. It is made clear that, if such remedy is availed within the aforesaid period of 30 days, the time consumed in prosecuting the present petition may be considered for the purpose of condonation of delay, in accordance with law. Sd/- (M.G.S. KAMAL) JUDGE AG List No.: 1 Sl No.: 1