ORDER

(Order of the Court was made by S.S.SUNDAR, J.)

This Writ Petition is filed challenging a sale notice, dated 19.05.2022 issued under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, proposing to sell the secured asset on 16.06.2022.

2. When the Writ Petition came up for admission, this Court granted stay of further proceedings, pursuant to the sale notice on condition that the petitioners should deposit a sum of Rs.30,00,000/- (Rupees Thirty Lakh only) on or before

15.06.2022.

3. It is admitted before this Court that the said condition is complied with. However, unfortunately, it is also a fact that the respondent Bank has secured possession of the asset on 19.05.2022.

4. The learned Counsel appearing for the petitioners came forward with an offer that the petitioners may be permitted to pay a further sum of Rs.10,00,000/- (Rupees Ten Lakh only), so that, the Bank may hand over the possession of the secured asset. It is seen from the sale notice that the upset price fixed for the secured asset is Rs.1,43,15,000/- (Rupees One Crore Forty Three Lakh and Fifteen Thousand only). It is admitted that the liability as on date of sal