V. Ramasubramanian, J.

1. Challenging the dismissal of an appeal filed by them under Section 17 of the SARFAESI Act, 2002, the borrower and the guarantor have come up with the above writ petition.

2. We have heard Mr. C.B. Ram Mohan Reddy, learned counsel for the petitioners, Mr. Vedula Venkata Ramana, learned Senior Counsel appearing for the 1st respondent-bank and Mr. Aadesh Varma, learned counsel appearing for the 2nd respondent.

3. The case on hand has a checkered history, as can be seen from the following:

(a) The 1st petitioner was sanctioned a term loan, way-back in May 2011, for the establishment of a Ready-mix Concrete Unit. He was also sanctioned a cash credit limit.

(b) The 1st petitioner committed default in repayment and the account was classified as NPA on 31.10.2016.

(c) Therefore, a demand notice dated 07.11.2016 was issued under Section 13(2). A possession notice was issued on 24.03.2017.

(d) Thereafter, a sale notice under Rule 8(6) was issued on 10.07.2017. It was actually a notice under Rule 8(6) as well as notice under Rule 9(1). However, the date of auc