https://www.taxtmi.com/caselaws?id=257881 Under the SARFAESI framework, sale of a secured asset must strictly comply with Rule 8(6) by giving public notice in two leading newspapers, including one vernacular newspaper with sufficient circulation in the locality. The Court accepted that publication in the Delhi edition of the vernacular newspaper did not satisfy the locality requirement for Faridabad, and the English publication also failed to show adequate local circulation. Prior knowledge of the sale notice did not cure this mandatory defect. Applying the rule that a prescribed statutory method must be followed as enacted, the sale notice and consequential auction were treated as unsustainable. en-us Tue, 19 Aug 2014 00:00:00 +0530 Wed, 25 Mar 2015 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257881 Under the SARFAESI framework, sale of a secured asset must strictly comply with Rule 8(6) by giving public notice in two leading newspapers, including one vernacular newspaper with sufficient circulation in the locality. The Court accepted that publication in the Delhi edition of the vernacular newspaper did not satisfy the locality requirement for Faridabad, and the English publication also failed to show adequate local circulation. Prior knowledge of the sale notice did not cure this mandatory defect. Applying the rule that a prescribed statutory method must be followed as enacted, the sale notice and consequential auction were treated as unsustainable. Case-Laws Indian Laws Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257881