with the value of the property and also in view of the outstanding liability in the loan account of borrowers, the same was rejected by the respondent bank. It is submitted that applicant was given enough opportunities to settle their loan account, despite which as applicant did not come forward to repay the dues, respondent bank had classified the loan account as NPA on 31.03.2021. Respondent bank issued Demand Notice under Section 13(2) of SARFAESI Act dated 13.09.2021 which was duly served and acknowledged by applicant / guarantors while the demand notice sent to M/s.Touch Soft returned with the endorsement ‘Left’. Hence, respondent bank published the said demand notice in two leading newspapers (Dinamani and New Indian Express) on 07.10.2021 and affixed the same on the conspicuous place of the property. As applicant / borrowers did not come forward to clear the dues even after expiry of statutory period, respondent bank issued Possession Notice dated 20.12.2021 claiming a sum of Rs.29,20,939.98p which was duly served, affixed in the conspicuous place of the secured asset and published in two leading newspapers (New Indian Express and Dinakaran) on 24.12.2021 as warranted under law. Thereafter, respondent bank had issued two sale notices dated 17.02.2022 and 20.04.2022 to applicant / borrowers, which became infructuous for want of bidders.
