The Applicant availed credit facilities to a tune of Rs.34,18,00,000/- and non-fund based limits to a tune of Rs.24,OO,OO,O00/- from the l"t Respondent Bank. Due to Covid-19 pandemic and change in Government policies, the Applicant could not pay some instalments and the loan accounts were classified as NPA on 25.0I.2023. Thereafter, the l"t Respondent issued the impugned Demand notice dt.20.09.2023 uls l3(2) of the SARFAESI Act, 2OO2 and after receipt of the said notice, the Applicant sold one schedule property and paid an amount of Rs.15.50 crores and also Rs.2.50 crores to the lst Respondent Bank. But the Bank instead of giving NOC in respect of the schedule property which was sold, proceeded further to take physical possession of the schedule property without issuing notice u/s 13(a) of the SARFAESI Act,2OO2. Thereafter, the 1"t Respondent bank without considering the request of the Applicant for regularization and without considering the substantial payments made by the Applicant, published the impugned Sale Notice dt.29.O7.2024 for conducting auction of the schedule properties without following the procedure. The l"t Respondent bank failed to follow Rule 8(6) of security Interest (Enforcement) Rules, 2oo2 as no separate 30 days notice for giving opportunity to the Applicant to redeem the secured assets was issued. Without issuing possession notice and without complying with Rule 8(1)(2) of Rules, 2oo2, the 1"t Respondent Bank is ical possession of the schedule properties pursuant to Collector, R.R. District without following due
