A.N. Venugopala Gowda, J.

1. Petitioner availed loan of Rs. 8,00,000/- from the respondent. Since there is default in the matter of payment of the loan instalments, the respondent having issued a notice dated 7-10-2013, the petitioner submitted a reply dated 15-10-2013. A further notice having been served by the respondent on 7-11-2013 and petitioner having remitted Rs. 10,000/- on 21-11-2013, this writ petition was filed on 23-12-2013, questioning the 7 days' notice dated 21-12-2013 issued by the respondent, notifying the petitioner that his name will be published in the newspaper after 28-12-2013 and possession of the secured property would be taken and dealt with in accordance with law. As per the impugned notice, the petitioner is overdue Rs. 97,239/-, out of the full due balance of Rs.8,23,913/-. Sri H.S. Santhosh, learned Advocate for the petitioner, by placing reliance on the decision in the case of Greater Bombay Co-operative Bank Limited v. M/s. United Yarn Tex. Private Limited and Others AIR 2007 SC 1584 : (2007)6 SCC 236 : 2007 AIR SCW 2325, contended that the respondent being a Co-operative Bank, established under the Karnataka Co-operative Societies Act, 1959, the