https://www.taxtmi.com/caselaws?id=111297 Under the SARFAESI framework, a secured creditor must consider a borrower's representation made after a section 13(2) notice and, if the objection is rejected, communicate reasons for non-acceptance; the text notes that no legal infirmity arises where the alleged representation is disputed or no effective reply was duly received. It also states that discretionary relief under Articles 226 and 136 is equitable and may be declined where the applicant disobeys an interim payment order or suppresses material facts, including encumbrances and third-party claims. The overall position reflected is that compliance and candour are essential for equitable intervention. en-us Mon, 20 Aug 2007 00:00:00 +0530 Tue, 25 Feb 2014 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111297 Under the SARFAESI framework, a secured creditor must consider a borrower's representation made after a section 13(2) notice and, if the objection is rejected, communicate reasons for non-acceptance; the text notes that no legal infirmity arises where the alleged representation is disputed or no effective reply was duly received. It also states that discretionary relief under Articles 226 and 136 is equitable and may be declined where the applicant disobeys an interim payment order or suppresses material facts, including encumbrances and third-party claims. The overall position reflected is that compliance and candour are essential for equitable intervention. Case-Laws Companies Law Mon, 20 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111297