RERA prevails over SARFAESI in conflict, with jurisdiction upheld against secured creditors in mortgage disputes.

The SC upheld the validity of Regulation 9, accepted the delegation of powers under Section 81, and affirmed that RERA prevails over SARFAESI where there is conflict. It also held that RERA does not generally apply to prior mortgage transactions unless fraud or collusion is shown, and that the RERA authority can exercise jurisdiction against a secured creditor in proceedings under Section 13(4) of SARFAESI. On these conclusions, the Special Leave Petitions were dismissed.

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Outcome: The Special Leave Petitions were dismissed after the Court expressed agreement with the High Court's conclusions on the validity of Regulation 9, the delegation of powers under Section 81, the precedence of RERA over SARFAESI in case of conflict, the limited non-applicability of RERA to prior mortgage transactions absent fraud or collusion, and the RERA authority's jurisdiction against a secured creditor in proceedings under Section 13(4) of SARFAESI.

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