impugned sale notice which was challenged in the present SA. It is the case of applicant that the demand notice was not served on the borrower in a manner known to law and that the subsequent actions of respondent bank are therefore vitiated. It is the case of applicant that the possession notice was contemplated to be challenged in which, it is the endeavour of applicant to challenge the issuance of demand notice also, which was not in accordance to law. However, as respondent bank had issued sale notice also, applicant did not have an opportunity to challenge the possession notice. Ld.Counsel for applicant submits that applicant had complied the interim conditions as directed by this Tribunal and therefore no sale could take place on the scheduled date. Ld.Counsel submits that although conditions are complied belatedly, it is the endeavour of applicant to approach respondent bank for a negotiated settlement as they are making attempts to augment funds from other sources and that they shall be able to do so within a short span of time. Ld.Counsel submits that, once applicant get the funds by sale of non – mortgaged properties which is likely to be concluding in a short time, applicant shall approach respondent bank and redeem the mortgage.
