HON'BLE SRI JUSTICE A. GOPAL REDDY AND HON'BLE SRI JUSTICE SAMUDRALA GOVINDARAJULU W.P. No. 18574 of 2009 O R D E R: (per Hon'ble Sri Justice A. Gopal Reddy) This Writ Petition is filed challenging the notice, dated 17.06.2009 issued under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, contending that before issuing such notice, the debt borrowed by the petitioners has not been declared as Non-performing Asset. In the impugned notice, it has been specifically mentioned that the debt has been declared as Non-performing Asset in accordance with the directives/guidelines relating to asset classifications issued by the Reserve Bank of India consequent to the default committed by the petitioners in repayment of principal debt and interest thereon. Further, the respondent bank has already issued the possession notice under Section 13(4) of the 2002 Act. In view of the above, this Writ Petition has become infructuous and therefore, it is dismissed. However, the petitioners are at liberty to avail the remedy of appeal against the possession notice dated 12.09.2009 issued under Section 13(4) of the 2002 Act. No costs. ----------------------- (A. GOPAL REDDY,J) ------------------------------------- (SAMUDRALA GOVINDARAJULU, J) 20th October 2009 ksld ..... REGISTRAR // TRUE COPY // SECTION OFFICER To 1) 2 CD copies Form-NIC-OGS/WP{BMR}