https://www.taxtmi.com/caselaws?id=270168 A secured creditor enforcing security under the SARFAESI framework may sell secured assets without supervision or fetters from the Company Court or Official Liquidator, because the Act provides a self-contained mechanism for notice, possession, sale, distribution of proceeds, and protection of workmen's dues. The borrower company, acting through the Official Liquidator, retains the statutory remedies available under the SARFAESI regime. A concluded and confirmed auction sale is not ordinarily reopened merely because a later higher offer is received; interference is justified only where illegality, fraud, collusion, or gross inadequacy affecting fairness is shown. en-us Tue, 29 Dec 2015 00:00:00 +0530 Tue, 15 Jul 2025 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270168 A secured creditor enforcing security under the SARFAESI framework may sell secured assets without supervision or fetters from the Company Court or Official Liquidator, because the Act provides a self-contained mechanism for notice, possession, sale, distribution of proceeds, and protection of workmen's dues. The borrower company, acting through the Official Liquidator, retains the statutory remedies available under the SARFAESI regime. A concluded and confirmed auction sale is not ordinarily reopened merely because a later higher offer is received; interference is justified only where illegality, fraud, collusion, or gross inadequacy affecting fairness is shown. Case-Laws Indian Laws Tue, 29 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270168