and to term loans. They defaulted payment and the account was classified as a non-performing asset (NPA), and on 18/4/2022, a demand notice was issued under section 13 (2) of the SARFAESI Act demanding an amount of ₹16,84,21,576.19 together with interest. The Appellants contend that the classification of the account as NPA is illegal and contrary to the RBI guidelines and the provisions of law. Symbolic possession of the secured asset was taken by the bank on 18/08/2022. The Appellants contend that the bank had not complied with the mandatory provisions under Rules 8 (1) and (2) of the Security Interest (Enforcement) Rules. The consequent sale notice issued by the bank on 06/02/2023 scheduling the auction sale on 10/03/2023 is also challenged for the reason that it is not following the Rules and the provisions of the Act. It is alleged that the secured asset is worth more than ₹5 crores whereas the bank sold the property for ₹3,46,00,000/- to the 2nd Respondent. The Appellants had sought interlocutory relief to stall all further Sarfaesi measures concerning the secured asset. The Appellants had filed applications for amendment of the S.A. I.A. No. 1481/2023 was filed to incorporate the challenge to the order passed by the Additional Chief Judicial Magistrate, Surat under section 14 of the Sarfaesi Act. The said prayer was allowed by the Ld. Presiding Officer. The Appellant had also filed another I.A. No. 1346/2023 to incorporate certain facts alleged to be relevant to the disposal of the S.A. The Ld. Presiding Officer disallowed the prayer to amend the S.A. sought in I.A. No. 1346/2023 for the reason that the additional ground sought to be incorporated by way of the amendment were already available to the Applicants at the time of
