S. Manikumar, J.

1. Possession notice dated 19.03.2018, issued under Section 13(4) of the SARFAESI Act, 2002, challenged in this writ petition, is extracted hereunder.

"Whereas, the under signed being the Authorised officer of Canara Bank, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (Act 54 of 2002) and in exercise of powers conferred under Section 13 (12) read with rule 3 of the Security Interest (Enforcement) Rules 2002 issued a Demand Notice dt.11.01.2018, calling upon the borrower, M/s. EXTAL INTERNATIONAL EXPORTS PVT. LTD. registered office at Old No. 58, New No.10, 6th Street, Valasaravakkam, Chennai - 600 087, represented by Sri. K.R.C. Menon residing at "Mandhavam", Vasanth Nagar, TMC No. iii/2201/10, Patturaikkal, Thirussur 600 022 to repay the amount mentioned in the notice being Rs.4,60,38,558/- (Rupees Four Crore Sixty Lakh Thirty Eight Thousand Five Hundred and Fifty Eight only) together with the interest thereon within 60 Days from the date of receipt of the said Notice.

The borrower having failed to repay the amount, notice is hereby given to the borrower and the public in general that the under