The order of Reference dated 19 September 2017, which has occasioned the constitution of a larger Bench, has been passed by learned Single Judge, after having noticed the divergent opinions expressed by ... two Division Benches of this Court in Sushila Steels Vs. Union Bank of India and others (Special Appeal No. 415 of 2014, decided on 23.04.2014), and Aum Jewels and others Vs. Vijaya Bank (Writ-C No. 13476 of 2017, decided on 30.3.2017) on the question whether an application under Section 17(1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short 'the Act'), at the instance of a borrower, is maintainable even before physical (actual) possession of the secured assets is taken by the Bank/FIs in exercise of its powers under Section 13(4) thereof read with Rule 8 of the Security Interest (Enforcement) Rules, 2002 (for short “the Rules”).