https://www.taxtmi.com/caselaws?id=113604 Section 13 of the Act permits a secured creditor to recover only costs, charges and expenses that have been properly incurred, applying a prudent and reasonable standard. Where the borrower substantially satisfies the liability demanded in the section 13(2) notice, the creditor cannot continue coercive measures under section 13(4) without first verifying any remaining dues and, if required, issuing a fresh notice. In this matter, routine debits for inspection, notices and publication were treated as recoverable, but the additional demand for enforcement or recovery agent fees was found excessive, unreasonable and disproportionate, and therefore not recoverable. en-us Thu, 31 Dec 2009 00:00:00 +0530 Sat, 18 Oct 2014 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113604 Section 13 of the Act permits a secured creditor to recover only costs, charges and expenses that have been properly incurred, applying a prudent and reasonable standard. Where the borrower substantially satisfies the liability demanded in the section 13(2) notice, the creditor cannot continue coercive measures under section 13(4) without first verifying any remaining dues and, if required, issuing a fresh notice. In this matter, routine debits for inspection, notices and publication were treated as recoverable, but the additional demand for enforcement or recovery agent fees was found excessive, unreasonable and disproportionate, and therefore not recoverable. Case-Laws Companies Law Thu, 31 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113604