JUDGMENT Anubha Rawat Choudhary, J. – Heard Mr. Shreya Mishra, counsel appearing on behalf of the petitioner and Mrs. Sweta Singh, counsel appearing on behalf of Bank of Baroda. 2. This writ petition has been filed for seeking direction upon the respondent-bank to dispose of the proposal dated 5.03.2007 in terms of Section 13 (3A) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) by way of making one time payment of Rs. 5,28,000/- and the remaining amount in six equal instalments. The petitioner has further prayed for quashing the possession notice dated 20.01.2007 by which the respondent bank has taken possession of the property. Counsel for the petitioner submits that the main grievance of the petitioner is for quashing the possession notice dated 20.01.2007. 3. Counsel appearing on behalf of the respondents submits that the petitioner has alternative efficacious remedy of appeal under Section 17 of the SARFESAI Act and accordingly the writ petition itself is not maintainable. 4. Having heard counsel for the parties this court is not inclined to entertain the writ petition as the possession of the property has already been taken under possession notice dated 20.01.2007 and appeal against this lies under the provisions of Section 17 of the SARFESAI Act before the Debt Recovery Tribunal. 5. Accordingly, on the ground of efficacious alternative remedy available to the petitioner, this writ petition is dismissed. 6. However, the petitioner is at liberty to take recourse in accordance with law before Debt Recovery Tribunal.