ii) As the borrower Company, the 2"d Respondent herein and others have.failed to repay the outstanding loan amount, the 1"t Respondent Bank filed OA.No.10O3/2014 (New OA.No.1767 /20171 for the recovery of the outstanding loan amount together with interest and the said OA was allowed and became l-tnal. The l"t Respondent Bank has also initiated recovery proceedings under the SARFAESI Act, 2OO2 and issued all the statutory notices i.e., Demand Notice, Possession Notice, Notice prior to sale and Auction Notices to the borrower/ guarantors and the Possession Notice and Sale Notices were also affixed on the secured assets and published in the newspapers. Challenging the said notices, the borrower Company, 2nd Respondent herein and also the 2"d Respondent through the alleged tenant, Agreement Holder etc., filed/got filed WP.No.145/2016, WP.No.2783l l2ol9 and WP.Nio.23934 12022 before the Hon'ble High Court of Telangana and also filed SA.No.147l2015 (New SA.No.93O/2017), SA.No.61l2O15 (New SA.No.1392l2O17), SA.No.89 12021 and SA.No. 127 12022 before DRT-ll, Hyderabad and this Tribunai with a view to stall and delay the recovery proceedings without repaying the debt due to the lst Respondent Bank. The 1"t Respondent Bank contested all the aforesaid cases and same were dismissed. The 1"t Respondent Bank has conducted auction and sold some ofthe secured assets and the SA schedule property could not be sold for want of bidders.
