ORDER :

PRAYER : Writ Petition filed under Article 226 of the Constitution of India praying for the issuance of a Writ of Certiorari, calling for the records pertaining to the order proclamation of sale notice dated 27.05.2019 vide No.TBM/RO/PDY/Recy-Cell/Div-I/PC/20/2019 issued by the first respondent herein and quash the same.

The proclamation of sale notice dated 27.05.2019, issued by the first respondent, is under challenge in the present writ petition.

2. The writ petitioner is the UCO Bank.

3. The writ petitioner-Bank states that M/s.Pondicherry Textile Corporation Limited (erstwhile M/s.Anglop French Textiles), the second respondent herein, availed various credit facilities fund based and non-fund based for a total sum of Rs.4,365.69 lakhs from the Puducherry Main Branch of the writ petitioner-Bank and as a security towards repayment of credit facilities, the second respondent has created equitable mortgage of the property situate at Pondicherry by depositing original title documents of the properties.

4. M/s.Pondicherry Textile Corporation committed series of default in repaying the loan dues, the account of the second respondent has become irregular and consequently, the writ p