CentralSecured lending
Supreme Court restores auction purchaser’s position in SARFAESI case involving writ remedy
· Reported by LawText
The Supreme Court allowed an auction purchaser’s appeal in a SARFAESI matter where the High Court had entertained a writ petition despite the statutory remedy framework. The ruling is relevant for lenders and bidders because it concerns finality after full payment and issuance of the sale certificate.
We have not written our own note on this one yet. The source report and, where we found it, the primary document are linked below.
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