https://www.taxtmi.com/caselaws?id=110048 Under the SARFAESI Act, a demand notice under section 13(2) must be preceded by a fair opportunity for the borrower's objections to be considered with due application of mind, and any rejection must be communicated with reasons. No hearing is required before issuance of the notice, but the secured creditor must comply with the statutory 60 days' notice framework before taking measures under section 13(4). The notice was quashed for non-compliance with section 13(2), and the bank was left free to issue a fresh 60 days' notice and then consider any objections before proceeding further. en-us Wed, 27 Apr 2005 00:00:00 +0530 Fri, 13 Apr 2012 15:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110048 Under the SARFAESI Act, a demand notice under section 13(2) must be preceded by a fair opportunity for the borrower's objections to be considered with due application of mind, and any rejection must be communicated with reasons. No hearing is required before issuance of the notice, but the secured creditor must comply with the statutory 60 days' notice framework before taking measures under section 13(4). The notice was quashed for non-compliance with section 13(2), and the bank was left free to issue a fresh 60 days' notice and then consider any objections before proceeding further. Case-Laws Companies Law Wed, 27 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110048