Learned counsel for the petitioner no.2 submits that the petitioners had avail
ed a housing loan of Rs.5,17,691/- from the opp.party no.3-Financer in the year 2013 for const
ruction of their residential house. It is submitted that though the petitioners had repaid som
e amount, due to acute financial hardship, they could not repay the balance loan dues in time
for which the opp.party no.3-Financer has initiated action under the SARFAESI Act for recovery
of the loan dues. It is fairly submitted that though the petitioner had offered to deposit of
Rs.20,000/- in terms of order dated 9.1.2017, the Financer did not accept the same. It is sub
mitted that the petitioner no.2 is ready and willing to deposit the substantial amount as down
payment and shall make an application for settlement and/or regularization of the loan accoun
t to the opp.party no. 3-Financer for consideration of the same sympathetically and as has bee
n done in other similar cases. Learned counsel for the opp.party no.3-Financer on instruction
submits that the present outstanding loan dues against the petitioners is about Rs
.9,03,000/-. It is fairly
