The undisputed facts of the case are that one Ganga Goud is the absolute owner of the schedule property and he created mortgage against the schedule property towards securigr for the loans availed by Ganesh Traders rep. by Ganga Goud, Narender Traders rep. by its Proprietor Viz', Applicant No'4 and Sri Sai rraders rep.by its proprietor i.e. Applicant No.3 from the Respondent Bank. Subsequently, Ganga Goud died on 22.12.201g and the Applicants No.2 to 5 herein are the LRs of the late Ganga Goud. After availing the loan facilities, the borrowers committed default. Initially, the Respondent Bank initiated proceedings under the SARFAES Act,2OO2 and challenging the same, the Applicant No.4 herein filed writ petition before the Honble High Court of Telangana and the said writ petition was allowed by the Hon',e High Court. Thereafter, the Respondent Bank issued fresh demand notice dt. 14.09.2O2O and the said notice is admittedly received by the Applicants and in fact, the Applicants submitted objections in response to the said demand notice and the Respondent Bank submitted reply to the said objections. Thereafter the Respondent bank issued possession notice dt.2o.r2.2o2r and the same is received by the Applicants.
