under the SARFAESI Act and the Rules made thereunder were complied with in respect of the issuance of the Possession Notice Annexure – B1 and the sale notices and that sale of the secured asset could not be materialised pursuant to issuance of earlier two notices and that the reserve price for the secured asset was fixed after having considered the Annexure – B17 valuation report and that Annexure – B12 sale notice was issued and that it was affixed on the conspicuous part of the secured asset and that it was published in two leading newspapers and that since no public came forward to bid the secured assets on 20.08.2022, the defendant bank itself purchased the property as per the provisions of Section 13(5A) of the SARFAESI Act, 2002 and that though the demand notice, possession notice and sale notices were served to the applicant, the notices were not challenged by the applicant within a period of 45 days by filing the SA and that therefore, the SA is barred by limitation and that direction of the Hon'ble High Court of Kerala passed in Annexure – B11 judgment to pay the amount in order to regularise the loan account was not complied with and that the applicant has not challenged the order of the Additional Chief Judicial Magistrate Court passed in MC No.902/2022 and that without challenging the above order the challenge made against the Advocate Commissioner is unsustainable and that there is no illegality in respect of the measures taken by the defendant bank and that therefore, the SA may be dismissed with costs to the defendant bank.
