contends that,at the time of execution of the loan documents' the Bank officialsobtained signatures on certain blank printed documents.The Applicant assertsthat the loan account was being regularly serviced,but the Respondent, without prior intimation, atlegedly alteredthe rate of interest and penal charges, resulting in irregularity ofthe accountand its subsequent classificationas NPA' The Applicantfurthercontendsthat the Possession Notice dated 20.04.2024issuedunder section 13(4) of the SARFAESIAct was affixed at theSchedule Propertyclaiming an outstanding amount of Rs. 6t,!0,825/-,and that thereafterthe Respondentobtained an order under Section14 of the Act in Crl.M.P'No'641of 2024 from the learned Assistantsessions Judge, Kadapa, pursuant to whicha vacate notice dated31.01 .2025 was issued by the Advocate Commissioner.The Applicant alleges that the Demand Noticeunder Section 13(2) andPossessionNotice under Section 13(4) were not duly served orpublishedin accordancewith RulesB(1) and B(2) of the security Interest(Enforcement) Rules, 2002,(hereinafter "Rules" for short) and furthercontends that the security interest was not registered with thecentral Registry as required under Section 20 of the SARFAESI Act.The Applicant also asserts that, pursuant to an assurance by theRespondent for regularisationof the loan account, a sum of Rs. 8,50,000/-was deposited,but despite the same, coercive measures werecontinued. Accordingly, the applicant prays for setting aside the SARFAESImeasuresinitiated against the sA schedule property.
