FEMA amp; BANKING : Where borrowers had availed cash credit loan facility from petitioner's bank but committed serious defaults in repayment of advances due to which petitioner issued statutory notice under Section 13(2) of SARFEASI Act demanding repayment of outstanding loan amount properties of borrowers were attached and petitioner filed writ petition for direction to respondent borrowers to delete all other encumbrances from properties sold in auction sale.
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