business run under the name and style M. B. Shah Jewellers is. The Appellants have challenged the Sarfaesi measures in the S.A. on various grounds. It is stated that the demand notice issued under Sec. 13(2) of the SARFAESI Act on 07.09.2017 demanding a sum of ₹6,32,83,506.61 is not in accordance with the law and that subsection 3 of Sec. 13 which insists on giving a break-up of the demanded amount has not been complied with. That apart, defect is also found in the demand notice for not being issued by a proper Authorised Officer who should be a Chief Manager of the Bank. The notice does not clarify as to who Mr D.V. Satelkar, who has signed the notice as the Authorised Officer is. It is further contended that the said person was not authorised on the date of issuance of the notice and Authority authorising him had come much later and consequent to the issuance of the notice. It is further contended that there is no CERSAI Registration of mortgage which is mandatory. Certain payments made by the Appellants have not been recorded in the statement of account. The Appellants had got favourable interlocutory order of stalling the Sarfaesi measures in the initial stage before the D.R.T. but subsequently when the S.A. was taken up for hearing finally the stand taken by the D.R.T. changed and the contentions raised by the Appellants except for the contention regarding the appointment of Commissioner to take over possession by the CMM were not upheld. Aggrieved by that, the Appellants are in appeal.
