The Respondent Iiled their Reply denying all the adverse allegations made in the SA and contended that the Applicant having availed housing loan of Rs.7 lakhs from the Respondent by creating mortgage in respect of the schedule property, committed default in repaying the loan dues and so, the loan account was classified as NpA as per the guiderines of RBL Thereafter, the Respondent issued demand notice dt. ls.12.2021u/s 13(2) of the SARFAESI Act, 2002 and the said notice was sent to the Applicant through Regd. post and the sarne was also pubrished in English and Telugu daily newspapers. Thereafter, the Respondent issued possession notice dt. 18.02.2022 and the said notice was published in two daily newspapers and also affixed on the schedule propert5r. The Respondent has not issued any notice on 29.1o.2024.It is further submitted that the Respondent approached Hon'ble principar Sr.civil Judge, R.R. District by filing crl'M.P.No.64 /24 for appointment of advocate commissioner and the advocate commissioner issued notice dt.26.o7.2024 to the Applicant to vacate the schedule property. Thus, the Respondent has duly followed the procedure contemplated under the provisions of sARFAESI Act,2oo2 and Rules made thereunder in issuing the impugned possession notice. Accordingly, Respondent prayed to dismiss the SA.
