https://www.taxtmi.com/caselaws?id=257345 Availability of a statutory remedy under Section 17 of the SARFAESI Act does not automatically bar a writ petition under Article 226; exclusion depends on established facts showing waiver or deliberate delay, and that was not proved here. Rule 9 of the Security Interest (Enforcement) Rules, 2002 requires strict compliance in sales of secured immovable property, and extension of time for payment of the balance price must be made in accordance with the rule with the required written consent. A unilateral extension by the secured creditor without the owner's consent was treated as non-compliant and rendered the sale vulnerable to being set aside as void. en-us Tue, 02 Dec 2014 00:00:00 +0530 Tue, 10 Mar 2015 07:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257345 Availability of a statutory remedy under Section 17 of the SARFAESI Act does not automatically bar a writ petition under Article 226; exclusion depends on established facts showing waiver or deliberate delay, and that was not proved here. Rule 9 of the Security Interest (Enforcement) Rules, 2002 requires strict compliance in sales of secured immovable property, and extension of time for payment of the balance price must be made in accordance with the rule with the required written consent. A unilateral extension by the secured creditor without the owner's consent was treated as non-compliant and rendered the sale vulnerable to being set aside as void. Case-Laws Indian Laws Tue, 02 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257345