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![[SARFAESI Act] Borrower who fails to pay dues before auction notice cannot redeem mortgage: Supreme Court - Vimarsana News](https://gumlet.assettype.com/barandbench%2F2023-04%2Fc526284f-3551-4776-b874-221855249193%2FWhatsApp_Image_2023_04_06_at_9_02_54_AM.jpeg?w=1200&auto=format%2Ccompress&ogImage=true&enlarge=true)
The Supreme Court on Thursday held that with the 2016 amendment to the SARFAESI Act, the right of redemption of mortgage stands available to the borrower only till the publication of auction notice and not thereafter
Though the bank said it will auction the actor’s villa in Mumbai’s Juhu on September 25, it withdrew the notice as a case was pending before a magistrate’s court and the actor had approached the bank to settle the dues.
The Bombay High Court recently held that a secured creditor can initiate proceedings under the SARFAESI Act against the guarantor in case of loan default even when there is a moratorium on action...
The Kerala High Court recently held that interim orders passed by the Debts Recovery Tribunal under 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest...