- 1 - HC-KAR CNR: KAHC010542152023 NC: 2026:KHC:39626 WP No. 23056 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. 23056 OF 2023 (GM-RES) BETWEEN: 1. RENJIT WILSON S/O WILSON KOSHY AGED ABOUT 43 YEARS FLAT NO. 301 PURPLE WOODS APARTMENT, JINKETHIMMANAHALLI VILLAGE, THAMBUCHETTI POST, BIDARAHALLI, BENGALURU EAST TALUK - 560 036. 2. PUTUSHOTHAM M S/O C K MEGARAJ AGED ABOUT 40 YEARS NO.8, 5TH CROSS, 5TH MAIN HIGH TENSION LANE, SIR M V NAGAR RAMAMURTHY NAGAR, BENGALURU - 560 016. 3. NISHA PURUSHOTHAM W/O PURUSHOTHAM AGE 35 YEARS NO.8, 5TH CROSS, 5TH MAIN HIGH TENSION LANE, SIR M V NAGAR RAMAMURTHY NAGAR, BENGALURU - 560 016. Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010542152023 NC: 2026:KHC:39626 WP No. 23056 of 2023 4. S SHIVAKUMAR S/O LATE A SUBBIAH AGE 51 YEARS, FLAT NO. 116, PURPLE WOODS APARTMENT, JINKETHIMMANAHALLI VILLAGE THAMBUCHETTI POST, BIDARAHALLI BENGALURU EAST TALUK - 560 036. 5. G E KARTHIK S/O EASWARAN G G AGED ABOUT 38 YEARS FLAT NO. 222 "PURPLE WOODS APARTMENT", JINKETHIMMANAHALLI VILLAGE, THAMBUCHETTI POST, BIDARAHALLI BENGAURU EAST TALUK - 560 036. …PETITIONERS (BY SRI. SUMEDHA SRINATH, ADVOCATE) AND: 1. ANAND RATHI GLOBAL FINANCE LTD., 10TH FLOOR, EXPRESS ZONE, WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI - 400 063 REP BY ITS AUTHORIZED OFFICER, MR. SHRINIVAS HULLIKATTI. 2. PURPLE ESTATES AND HOLDINGS PVT LTD 131, D-3, 2ND FLOOR, DEVATHA PLAZA, RESIDENCY ROAD, BENGALURU - 560 025. - 3 - HC-KAR CNR: KAHC010542152023 NC: 2026:KHC:39626 WP No. 23056 of 2023 3. THOMAS MATHEW 14, RAINBOW RESIDENCY LAYOUT, JUNASANDRA VILLAGE VARTHUR HOBLI, BENGALURU - 560 035. 4. BETTY THOMAS 14, RAINBOW RESIDENCY LAYOUT, JUNASANDRA VILLAGE VARTHUR HOBLI, BENGALURU - 560 035. …RESPONDENTS (BY SRI. RISHABHA RAJ THAKUR, ADVOCATE FOR R1) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO STAY AND FURTHER OPERATION, EXECUTION AND ALL FURTHER PROCEEDINGS OF THE ORDER DTD 17.08.2019 AS PER ANNEXURE-AB, PASSED BY THE X ADDITIONAL CHIEF METROPOLITAN MAGISTRATE COURT, BENGALURU CITY IN C.MISC.NO.50263 OF 2019 UNTIL THE APPEAL PREFERRED BY THE PETITIONER BEFORE THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI BEARING DIARY NO.1469 OF 2023 IS DISPOSED OF. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL - 4 - HC-KAR CNR: KAHC010542152023 NC: 2026:KHC:39626 WP No. 23056 of 2023 ORAL ORDER This petition is filed in view of respondent No.1 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.: 13