- 1 - HC-KAR NC: 2026:KHC:4090 WP No. 1948 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 23RD DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 1948 OF 2026 (GM-DRT) BETWEEN: R MALLIKARJUNA SETTY AGED 63 YEARS S/O LATE R. SATYANARAYANA SETTY, RESIDING AT FLAT NO.102, VISHAL APARTMENTS-2, E.A.T STREET, BASAVANAGUDI, BENGALURU 560 004. …PETITIONER (BY SRI. SADHANA S DESAI., ADV.) AND: 1. CANARA BANK ASSET RECOVERY MANAGEMENT BRANCH-1 SPENCER'S TOWER, M.G. ROAD, BENGALURU- 560 001. REPRESENTED BY ITS AUTHORISED OFFICER RANJAN KUMAR Digitally signed by KIRAN KUMAR R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:4090 WP No. 1948 of 2026 2. ADDVAY CONSTRUCTION NO. 101, NEXT TO BIRIYANI ZONE 124/3, DODDAKANNELLI JUNCTION SARJAPURA MAIN ROAD BENGALURU- 560 035. REPRESENTED BY SRI. JAI PRAKASH. P 3. M/S. B.M. CONSTRUCTIONS A PARTNERSHIP FIRM DULY REGISTERED UNDER THE INDIAN PARTNERSHIP ACT, 1932 HAVING REGISTERED OFFICE AT: NO. 35, GROUND FLOOR, KASTURBA CROSS ROAD, OFF LAVELLER ROAD SHANTALA NAGAR, ASHOK NAGAR, BENGALURU- 560 001. REPRESENTED ARAVINDA M.S. …RESPONDENTS THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE IMPUGNED NOTICE ISSUED BY THE 1ST RESPONDENT BANK UNDER SECTION 13(4) OF THE SARFEASI ACT DATED 22/12/2025 BEARING REF ARM-I/FILE-752/MALLIKARJUN SHETTY R/2025/MK PRODUCED AT ANNEXURE K ALONG WITH THE ENCLOSED SALE NOTICE, AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:4090 WP No. 1948 of 2026 CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER Learned counsel for the petitioner seeks leave of the court to withdraw the petition with a liberty to file an appeal assailing the impugned notice and submits that the interest of the petitioner may be protected for a period of 10 days. 2. The submission is placed on record. Accordingly, the writ petition is dismissed as withdrawn with the aforesaid liberty. The respondents are directed not to take any coercive steps for a period of 15 days from today. Sd/- (ASHOK S.KINAGI) JUDGE SSB