WP(C) 5347/2007 BEFORE HON’BLE MR. JUSTICE B.K. SHARMA Heard Mr. B.K. Mahajan, learned counsel for the petitioner. This writ petition is directed against the Annexure-1 notice dated 30.6. 2007 under Section 13 (2) of the Securitisation and reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, by which the petitioner h as been asked to discharge his full liability to the Bank within 60 days from th e date of notice. The total outstanding liabilities (in aggregate) due and owin g to the Bank is in the sum of Rs.45,43,291.97, which the petitioner has incurre d by various credit facilities by way of financial assistance against various as sets creating security interest in favour of the Bank. In the notice, the parti culars of various credit facilities and security agreement have been indicated i n the enclosed Schedule ’A’ and ’B’ respectively excluding pledge of movables. Pursuant to the aforesaid notice, the petitioner served legal notice dat ed 13.9.2007 on the Bank. In the legal notice, there is no denial of his liabil ity. It has been stated in the notice that the petitioner is willing to repay th e loan amount. The notice is in the form of a mercy petition requesting the Ban k authority not to forfeit the land and building of the petitioner and his famil y. Mr. Mahajan, learned counsel for the petitioner submits that the petitio ner is ready to liquidate the aforesaid amount by payment of Rs.1,00,000/- per m onth which naturally will consume about 4 (four) years. As per the provisions of the aforesaid Act (Sec.17), there is right of a ppeal for the petitioner, if aggrieved by any of the measures under sub-section (4) of Section 13 of the Act. In the instant case, that stage is yet to arrive. The petitioner has invoked the writ jurisdiction at the stage when Section 13 -notice has been issued to him. In the writ petition, there is no legal ground w arranting any interference by this Court exercising judicial review under Articl e 226 of the Constitution of India. If the petitioner has any proposal towards liquidation of the aforesaid amount, it will be open for him to approach the Bank. No opinion is expressed i n this regard. It is entirely upon the sound discretion of the Bank to deal with the matter in accordance with law. Writ petition is dismissed. There shall be no order as to costs.