THE HONOURABLE SRI JUSTICE A.GOPAL REDDY and THE HONOURABLE SRI JUSTICE SAMUDRALA GOVINDARAJULU W.P.No.27106 of 2009 Date of Order: 14-12-2009 Between: 1.Dr. Krihna Koppula and another ..Petitioners and M/. Andhra Pradesh State Financial Corporation Ranga Reddy, East Branch ..Respondents The Court made the following Order: THE HONOURABLE SRI JUSTICE A.GOPAL REDDY and THE HONOURABLE SRI JUSTICE SAMUDRALA GOVINDARAJULU W.P.No.27106 of 2009 Oral Order: (Per Hon’ble Sri Justice A.GopalReddy) Petitioners—borrowers filed this writ petition questioning the ‘possession notice’ issued under Section 13(4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short “SARFAESI Act”) dated 07-11-2009 contending that without issuing any notice under section 13(2) of the SARFAESI Act the respondent—Corporation got published the ‘possession notice’ in the news papers on 10-11-2009. The learned standing counsel for the respondent— Corporation produced a xerox copy of the notice issued under Section 13(2) of SARFAESI Act and receipt of which was acknowledged by the 1st petitioner. The signature of the 1st petitioner on the other notice is tallying with the signature on the affidavit. The present writ petition cannot be entertained in view of effective alternative remedy of appeal under Section 17 of SARFAESI Act is available to the petitioners against the ‘possession notice’ issued by the respondent—Corporation under Section 13(4) of SARFAESI Act. The Writ Petition is accordingly dismissed granting liberty to the petitioners to avail the alternative remedy of appeal under Section 17 of SARFAESI Act. No costs. _________________ A.GOPAL REDDY, J. ___________________________ SAMUDRALA GOVINDARAJULU,J. 14-12-2009 Murthy