The Re spondent Bank in order to substantiate thcir contention, enclosed relevant material documents along with the Reply filed by them. As per the said material documents, it is clear that the Respondent Bank issued demand notice d,t.2g.l22o2l to all the Applicantsu/s 13(2) of the Act and the said notice was sent to the Applicants through Regd. Post tcl thc correct address of the Applicants and so, there is deemed service of demand notice on the Applicants. Thereafter,the Respondent bank issued possessionnotice dt.22.o2.2022 to the Applicants and one of the Applicants singed on the olfice copy of the said possession notice evidencing the receipt of the said notice. The said possession notice was affixed on the schedule property as depicted in the photographs filed by the Respondent bank and it was also published in English and Telugu daily newspapersas evidenced by the copies of paper publication filed by the Respondent Bank. Thus the Respondent Rank has followecl the procedure as contemplated under Rule g(1)&(2) of security Interest (Enforcement) Rules, 2oo2 in taking possession of the secured asset.
