JUDGMENT

(Dated this the 5^th day of November 2025)

The 1st petitioner is a firm involved in the business of jewellery manufacturing using gold and silver. The firm availed a cash credit facility of ₹50 lakhs. The 2 ^nd petitioner is the proprietor of the 1" petitioner's firm. The overdraft facility was availed from the respondent bank as per the relevant RBI circulars. Till 2019, there was prompt repayment of the loan amount. Due to COVID-19, there was a serious irregularity in the repayments. The respondent bank declared the 1^st petitioner's account as a Non-Performing Asset (NPA) on 18.11.2024, and Ext.P2 notice under Section 13 (2) of the SARFAESI Act was issued on 19.11.2024.

2. It is the case of the petitioners that the respondent bank recognised the 1^st petitioner as a (Micro, Small, and Medium Enterprise) MSME and accordingly, Ext.P3 letter was issued to devise a strategy for revival, which is in tune with the Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises. On receipt of Ext.P3, Ext.P4 representation was sent by the petitioners to the Committee constituted under the framework for revival and rehabilitation of MSME. But the respondent bank, in s