R. Subhash Reddy, J.

1. This Letters Patent Appeal is filed by the original petitioners, under Clause 15 of the Letters Patent, aggrieved by the order dated 20.12.2017 passed by the learned Single Judge in Special Civil Application No.22653 of 2017.

2. By the aforesaid order, the learned Single Judge has dismissed the petition filed by the appellants, by relegating them to avail alternative remedy of appeal, as contemplated under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

3. Necessary Facts, In Brief, For Disposal of this appeal, are as under:

3.1 The consortium of banks comprising of Bank of India(BOI) , Punjab National Bank(PNB) , Central Bank of India(CBI), Axis Bank, State Bank of India(SBI) , Rajkot Nagrik Sahakari Bank Ltd. (RNSBL), Bank of Baroda(BOB) and United Bank of India(UBI) with Bank of India as a lead bank of the consortium, from time to time, granted various credit facilities aggregating to an amount of Rs.582, 25, 00, 000/- to M/s Ardor International Pvt. Ltd., which is the principal borrower. M/s Ardor International Pvt. Ltd. is a company engaged in the business of trading d