Mr' P.Sampath availed housing loan facility of Rs.1g lakhs from ttre Respondent No. I in the year 2O2O by creating mortgage against the schedule property and at the time of sanction of loan, he also paid HDFC life Insurance policy for an amount of Rs. 1g lakhs to the Respondent No.3. The borrower was expired on 2o.os.2o21 due to heart attack and the Applicants herein are the legal heirs of deceased borrower, P.Sampath. The Applicants informed the Respondents No.l and 3 regarding the death of the borrower but they gave a retter stating that the Life assured was disable while taking the loan. Thereafter, the Respondent No. I initiated proceedings under the provisions of SARFAESI Act, 2OO2 against the schedule property and issued possession notice dt. 13.12.2022 to the Applicants. without serving demand notice and possession notice to the Applicants, the Respondents No. r&2 initiated proceedings u/s 14 of the SARFAESI Act, 2OO2 for taking physical possession of t}le schedule property through advocate commissioner pursuant to the orders of Ld.CJM, Hanamkonda for appointment of advocate commissioner and the said advocate commjssioner.{ssued notice to the Applicants demanding to vacate the.schedule property and so the said proceedings are null and void. Hepice,the SA. r ,,-, io ii 'rl,,S j ,,',t'.: ' ! | ' t , I /1 '': io:i '
