ORDER :

1. Heard learned counsel for petitioners Sri P.S. Rajasekhar and learned counsel for respondents Smt. V. Dyumani.

2. The brief facts of the present writ petition are as under:

2.1. The first Petitioner company-M/s. Rays Technologies Pvt. Ltd. obtained cash credit limit vide Account No. 50378541493 with the first Respondents Bank for a sum of Rs. 60 lakhs. The loan account was operated in the second respondent branch. As petitioner defaulted in repayment of loan, the second respondent bank initiated steps to recover the due amount under SARFAESI Act, 2002.

2.2. On 27.02.2021 the above cash credit account was declared as Non-Performing Asset (NPA). On 12.07.2021, second respondent issued notice under section 13(2) of the SARFAESI Act, 2002 demanding a sum of Rs. 68,50,773/- claiming to be the amount due upon declaration of the account as non-performing asset (NPA). On 15.07.2021 and 16.07.2021, the petitioners raised objections under section 13(3A) of the Act, 2002 to second Respondent. On 04.09.2021 and 17.09.2021, the second Respondent vide email sought documents and information from the petitioners regarding the restructuring of the account. The information was submitted to th