SARFAESI Auction Sale- Purchaser Protection in DRT

SARFAESI Auction Sale- Purchaser Protection in DRT

Why SARFAESI Auction Sale Must Be Conducted Fairly and Transparently for fostering Confidence in the SARFAESI framework depends upon balancing recovery rights with procedural justice. Recovery proceedings under the SARFAESI Act frequently culminate in public auctions of secured assets. A recent matter before the Debt Recovery Tribunal, Chandigarh, once again highlights the importance of transparency, … Read more

Bank Possession Section 14 SARFAESI Mandatory?

Bank Possession Section 14 SARFAESI Mandatory?

Blog post based on Bank Possession Section 14, the Madhya Pradesh High Court judgment: Is Section 14 of the SARFAESI Act Mandatory Before a Bank Takes Possession of a Secured Asset? In a significant judgment concerning the enforcement powers of banks and financial institutions under the SARFAESI Act, 2002, the Madhya Pradesh High Court has … Read more

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