office copy of the demand notice. Thereafter, the lst Respondent Bank issued possession notice dt.2g. 12.2o17 to the Applicant and the borrower and the said notice was received by the applicant and the said notice was affixed on the schedule property as depicted in the photographs filed by the Bank and the said notice was published in two daily newspapers as evidenced by the copies of paper publication filed by the Bank. Thus the Respondent Bank has followed Rule 8(1)&(2) of Security Interest (Enforcement) Rules, 2oo2 in taking possession of the secured asset. Thereafter the lsr Respondent bank issued Notice of Intended sale dt.05.0 1.2022 for giving an opportunity to the Applicant to redeem the secured asset and as the said notice returned unserved, the l"t Respondent Bank published the said notice in newspapers.Before issuing auction notice, the Bank obtained valuation report from the approved valuer and fixed reserve price of the schedule property. so far as vacate Notice dt.28.o2.2o22 is concerned, the said notice is perfectly legal and valid as the Applicant received the possession notice u/s 13(a) of the SARFAESI Act, 2oo2 issucd by the l srRespondent Bank and the said notice \ /as affixed on the schcdule property and also published in two daily newspapers as required u/r g(1)(2) of Security Interest (Enforcement) Rules, 2oo2 and so Respondent bank is at liberty to initiate proceedings for taking physical possession of the schedure property u/s 14 of the Act..
