SARFAESI sale certificates need no compulsory registration once filed with the registering authority for Book I entry.

A sale certificate issued in a SARFAESI auction does not require compulsory registration or stamp duty as a conveyance. The authorised officer must issue the duly validated certificate to the auction purchaser and forward a copy to the registering authorities for filing in Book I, which has the same legal effect as registration and does not call for any further step. On that basis, the demand for additional registration was rejected, and interference with the impugned judgment was refused.

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Issues: Whether a sale certificate issued in a SARFAESI sale requires registration or further action beyond filing with the registering authority, and whether the authorities were justified in seeking interference with the impugned judgment.

Analysis: The Court noted that the question had long been settled and reiterated that a sale certificate is not a conveyance requiring stamp duty or compulsory registration. It further held that under the Registration Act, the authorised officer is required to issue the duly validated sale certificate to the auction purchaser and forward a copy to the registering authorities for filing in Book I, which has the same effect as registration and removes the need for any additional step.

Conclusion: The requirement of further registration was negatived, and the petitioners were not entitled to interference with the impugned judgment.

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