https://www.taxtmi.com/caselaws?id=111369 Under the SARFAESI Act, the secured creditor need not issue any separate notice before taking measures under section 13(4) or moving under section 14. The statutory scheme requires only the section 13(2) notice, by which the borrower is called on to discharge the liability within sixty days and may raise objections. Those objections must be considered, and reasons for non-acceptance must be communicated before proceeding with enforcement measures. Reading an additional intermediate notice into the statute would amount to adding words not found in the enactment. The process therefore moves from section 13(2) to section 13(4) measures without a further pre-enforcement notice. en-us Fri, 17 Nov 2006 00:00:00 +0530 Mon, 23 Apr 2012 12:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111369 Under the SARFAESI Act, the secured creditor need not issue any separate notice before taking measures under section 13(4) or moving under section 14. The statutory scheme requires only the section 13(2) notice, by which the borrower is called on to discharge the liability within sixty days and may raise objections. Those objections must be considered, and reasons for non-acceptance must be communicated before proceeding with enforcement measures. Reading an additional intermediate notice into the statute would amount to adding words not found in the enactment. The process therefore moves from section 13(2) to section 13(4) measures without a further pre-enforcement notice. Case-Laws Companies Law Fri, 17 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111369