- 1 - HC-KAR NC: 2026:KHC:8922 WP No. 4532 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 12TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 4532 OF 2026 (GM-DRT) BETWEEN: 1. M/S S.P. ELECTRICAL INDUSTRIES, NO.745, CATEGORY MIG TYPE-C IGGALUR BANAHALLI VILLAGE, ATTIBELE HOBLI, ANEKAL TALUK, SURYA NAGAR PHASE I, SURYA NAGAR, BENGALURU -562106 REPRESENTED BY ITS PROPRIETOR MR.D. GEORGE. 2. MR. D. GEORGE, S/O MR. P.DASS, AGED ABOUT 53 YEARS, PROPRIETOR OF M/S S.P. ELECTRICAL INDUSTRIES RESIDING AT NO.151, 7TH CROSS, LIG B TYPE, SURYACITY, CHANDAPURA, BANGALORE 560099 3. MRS. G. SAROJA W/O MR. D. GEORGE, AGED ABOUT 53 YEARS RESIDING AT NO.151, 7TH CROSS, LIG B TYPE, SURYACITY, CHANDAPURA, BANGALORE 560099 …PETITIONERS (BY SRI. SACHIN B S., ADVOCATE) Digitally signed by KIRAN KUMAR R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:8922 WP No. 4532 of 2026 AND: 1. THE STATE OF KARNATAKA REP. BY ITS SECRETARY, VIKASASOUDHA, AMBEDKAR VEEDHI, BENGALURU-560001 2. BANK OF BARODA ULSOOR BRANCH, NO.11/12, CAMBRIDGE ROAD BENGALURU -560 008 REP. BY ITS AUTHORIZED OFFICER SRI. BOJANNA.K.P. 3. MR. MONISH.S S/O MR. M.SURESH AGED ABOUT 31 YEARS 2ND CROSS, LALBAGH ROAD, R/AT NO.36, 1ST MAIN, SUDHAMANAGAR, WILSON GARDEN, BENGALURU -560 027 …RESPONDENTS (BY SRI. YOGESH D NAIK, AGA FOR R1) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE POSSESSION NOTICE DATED 26.07.2023 ISSUED BY THE RESPONDENT NO.2 BANK TO THE PETITIONERS VIDE ANNEXURE- A. ISSUE A WRIT OF CERTIORARI OR WRIT OF LIKE NATURE AND QUASH THE REDEMPTION NOTICE DATED 22.01.2026 IN REF.NO.RO BEN RECY 113 2025-26 ISSUED AND ADDRESSED TO THE PETITIONERS FOLLOWED BY THE GUARANTOR BY THE RESPONDENT NO.2 BANK VIDE ANNEXURE-B. DIRECTING THE RESPONDENTS NOS. 1 AND 2 TO PROVIDE COVID REPRIEVE TO THE LOAN TAKEN BY THE PETITIONER. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:8922 WP No. 4532 of 2026 CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER Learned counsel for the petitioners has filed a memo seeking leave of the Court to withdraw the writ petition with a liberty to challenge the impugned possession notice before the Debt Recovery Tribunal. 2. Memo is taken on record. 3. Accordingly, the writ petition is dismissed as withdrawn with the aforesaid liberty. 4. In the meanwhile, the respondents are directed not to take any coercive steps for a period of 30 days from today. 5. In view of dismissal of the petition, pending IA(s), if any, shall stand disposed of. Sd/- (ASHOK S.KINAGI) JUDGE PA CT:KHV List No.: 2 Sl No.: 24