https://www.taxtmi.com/caselaws?id=255264 Section 13(8) of the SARFAESI Act, read with Rule 9 of the Security Interest (Enforcement) Rules, was interpreted to mean that the borrower's right of redemption continues until the secured creditor confirms the sale and issues the sale certificate. The provision's reference to payment "before the date fixed for sale or transfer" was read as extending to the point of transfer, so mere acceptance of the highest bid by the authorised officer does not by itself complete the sale or pass title. On that reasoning, where no confirmation and no sale certificate had been issued, payment of dues before confirmation preserved redemption and prevented the auction purchaser from acquiring enforceable title. en-us Wed, 12 Sep 2012 00:00:00 +0530 Mon, 12 Jan 2015 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255264 Section 13(8) of the SARFAESI Act, read with Rule 9 of the Security Interest (Enforcement) Rules, was interpreted to mean that the borrower's right of redemption continues until the secured creditor confirms the sale and issues the sale certificate. The provision's reference to payment "before the date fixed for sale or transfer" was read as extending to the point of transfer, so mere acceptance of the highest bid by the authorised officer does not by itself complete the sale or pass title. On that reasoning, where no confirmation and no sale certificate had been issued, payment of dues before confirmation preserved redemption and prevented the auction purchaser from acquiring enforceable title. Case-Laws Companies Law Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255264