are not entitledto challenge the action initiated by the lst Respondent Bank against the schedule property. Respondent No.2 availed housing loan from the lstRespondent Bank for purchase of application schedule property and created mortgage in respect of the schedule property. 'l'hereafter llespondent No.2 committed default in repayment of loan dues and so the loan account was classified as NPA and thereafter a demand notice dt.30. rr.2o21 was issued to the 2"d Respondent u/s 13(2) of the SARFAESI Act, 2OO2 and the said notice was returned with endorsement as ,addressee left, and so, the said notice was published in two local newspapers , Financial Express and Mana Telangana on 2g.r2.2o21. Thereafter the lstRespondent bank issued possession notice u/s 13(4) of the Act on 19.o3.2o22 for taking symbolic possession of the schedule property and the said notice was sent to the Respondent No.2 through regd. Post and the same was returned and the said notice was published in two daily newspapers and also affixed on the schedule property. Thereafter thelstRespondent Bank initiated proceedings u/s 14 of the SARFAESI Act, 2oo2 before cMM, cyberabad, L.B.Nagar and the ld.cMM was pleased to appoint advocatecommissioner for taking physical possession of the secured asset. Respondent No.2 is the absolute owner of the schedure property and so, the Applicants are not entitled to challenge the proceedings initiated by the l"tRespondent Bank against the schedule property. Accordingry, lstRespondent Bank prayed to dismiss the SA.
