entire outstanding dues within 60 days from the date of receipt of the said notice and the Applicant received the said notice as evidenced by the postal acknowledgements fired by the Respondent Bank. Thereafter, the Respondent Bank issued possession Notice dt.06.01.2021 to the Applicant and admittedly the Applicant received the said notice and as per the material documents filed by the Respondent Bank, it is clear that the said notice was published in Telugu and English daily newspapers on og.01.2o2L As per the copies of photographs fited by the Respondent Bank, it is very clear that the said possession notice was affixed on the schedule property. After issuing the possession notice, the Respondent Bank issued Notice of Intended Sale dt.22.ot.2021 which is being challenged by the Applicant in the present sA. A perusal of the said notice indicates that it was issued under the provisions of Rule 6(2) and g(6) of Security Interest (Enforcement) Rules, 2oo2 and the same was issued for giving an opportunity to the Applicant for redemption of the schedule property and it is not a sale notice. As per the documents filed by the Respondent Bank it is evident that the said Notice of Intended sale dt.22.o1.2021 was received by the Applicant. After receipt of the said notice, instead of taking steps for redemption of the secured asset, the Applicant filed the present sA. So, the said Notice of Intended Sale dt.22.o1.2o21 issued by the Respondent Bank is perfectly valid and legal and it is issued under Rule g(6) of Security Interest (Enforcement) Rules, 2OO2.
