Recovery Tribunar at visakhapatnam arone has jurisdiction, as the Applicant resides in Vijayawada, the loan was sanctioned and executed at the Vijayawada branch, and the mortgaged property is also situated within that jurisdiction. The Respondent has denied most of the Applicant,s material allegations, admitting only the grant of ors facility, which, it is asserted, was subsequenuy canceiled due to the Applicant's failure to comply with the agreed terms and conditions. The Respondent has emphasized that the Appricant herserf has admitted defaults in repayment, had approached the Tribunal after the institution of SARFAESI measures, and has fired the present application with uncrean hands, with the avowed intention of deraying the recovery proceedings. It asserts that ail mandatory procedurar requirements under the SARFAESI Act, 2002, incruding the issuance of demand and possession notices, proper service or deemed service, and recourse to the competent court for physical possession, were duly followed and adhered to. On these grounds, the Respondent prayed that the SA be dismissed with costs.
