SANJAY KISHAN KAUL, J.

Rule DB.

2. Learned counsel for respondents accept notice.

3. At request of learned counsel for the parties, the petition is taken up for final disposal.

4. The respondent No. 3-M/s Divpreet Organics Ltd. availed of a loan facility from respondent No. 1-Bank on 9.7.1997 which loan was secured by the mortgage of the residential house C-56, Ganesh Nagar, New Delhi, owned by the deceased father of the petitioners. The loan went into default with a result that the respondent-Bank filed Original Application for recovery of Rs.51,53,123/- against respondent No. 3-Company while also impleading late father of the petitioners. Only two legal heirs of late father of the petitioners are stated to have been impleaded without impleading the others and this suit was decreed on 2.11.2004.

5. A second set of proceedings was initiated by the respondent-Bank under Section 13(2) the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the said Ac) against the mortgaged property on 16.12.2003. It appears from the petition that thereafter there was silence and a second notice under Section 13(2) of the