LISA GILL, J.(oral)

1. Prayer in this writ petition is for directing respondent No. 3 to show cause as to why mandatory provision of Clause 2.1 of “Framework for Revival & Rehabilitation of Micro, Small & Medium Enterprises”

issued by RBI has not been complied before declaring petitioner’s account Non Performing Asset (NPA). Further prayer is for quashing notice(s) dated 07.10.2021 (Annexure P-5) and 15.11.2021 (Annexure P-6) issued by respondent No. 3 under Sections 13(2) and 13(4) respectively of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘SARFAESI Act’) and notice dated 1 of 4 05.07.2022 (Annexure P-8) issued by respondent No. 2 pursuant to order dated 06.04.2022 passed by ADC, Ludhiana under Section 14 of SARFAESI Act. There is also a prayer for directing respondents not to take any coercive steps including possession of house in question.

2. Learned counsel for petitioner fairly states that matter is covered against petitioner in view of decision dated 18.12.2023 in CWP-

21657-2022 (M/s Technico Strips and Tubes Pvt. Ltd. and another vs. Deutsche Bank AG and another) and c