https://www.taxtmi.com/caselaws?id=111615 Subsequent purchasers of a mortgaged property cannot defeat SARFAESI enforcement merely by claiming they are not original borrowers or were not served with notice. The secured asset remains subject to the Act despite later transfers, and the definitions of borrower, secured creditor and secured debt must be read to preserve enforcement after default. The statutory scheme permits action under section 13 against persons who acquire secured assets, while section 17 provides the remedy to any aggrieved person. Writ jurisdiction is not the proper forum to nullify the statutory process where title or property status is disputed. en-us Fri, 23 Jun 2006 00:00:00 +0530 Tue, 24 Apr 2012 13:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111615 Subsequent purchasers of a mortgaged property cannot defeat SARFAESI enforcement merely by claiming they are not original borrowers or were not served with notice. The secured asset remains subject to the Act despite later transfers, and the definitions of borrower, secured creditor and secured debt must be read to preserve enforcement after default. The statutory scheme permits action under section 13 against persons who acquire secured assets, while section 17 provides the remedy to any aggrieved person. Writ jurisdiction is not the proper forum to nullify the statutory process where title or property status is disputed. Case-Laws Companies Law Fri, 23 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111615