Applicant as NPA, the Respondent issued demand notice dt.18.0a.2O23 u/ s l3(2) of the SARFAESI Act, 2OO2 and the said notice was sent through Regd.post to the Applicant as evidenced by the copies of postal track reports liled by the Respondent and the Applicant also admitted the receipt of the said notice. When there is no response to the said demand notice from the Applicant, the Respondent issued possession notice dt.23.05.2o24 u/s 13(a) of the SARFAESI Act, 2OO2 and sent the same to the Applicant through Regd. post as evidenced by the postal track reports filed by the Respondent. The said possession notice was published in Telugu and English daily newspapers as evidenced by the copies of the paper publication filed by the Respondent and the said notice was a_ffixed on the schedule property as depicted in the copies of photograph liled by the Respondent. Hence in the circumstances, it is quite clear that the Respondent has scrupulously complied with Rule 8(1)&(2) of Security Interest (Enforcement) Rules, 2OO2 it taking possession of the secured asset u/s l3( ) of the SARFAESI Act, 2OO2 and so, the impugned possession notice dt.23.05.2124 is perfectly legal and valid. Accordingly, this point is answered in favour of the Respondent and against the Applicant.
