https://www.taxtmi.com/caselaws?id=270294 A SARFAESI sale conducted after interim restraint had ceased was upheld as valid, because the earlier status quo order no longer operated when the auction was held and later challenge could not undo a completed sale. The borrower was held to have lost the right of redemption by not discharging the secured debt within the statutory process, and could not impeach the sales after confirmation. Alleged defects in notice, publication, valuation and service were rejected where statutory steps had been taken and sale certificates had been issued after confirmation. Bona fide auction purchasers were protected, and the secured asset sales and consequential sale certificates were sustained. en-us Thu, 23 Jul 2015 00:00:00 +0530 Mon, 04 Jan 2016 12:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270294 A SARFAESI sale conducted after interim restraint had ceased was upheld as valid, because the earlier status quo order no longer operated when the auction was held and later challenge could not undo a completed sale. The borrower was held to have lost the right of redemption by not discharging the secured debt within the statutory process, and could not impeach the sales after confirmation. Alleged defects in notice, publication, valuation and service were rejected where statutory steps had been taken and sale certificates had been issued after confirmation. Bona fide auction purchasers were protected, and the secured asset sales and consequential sale certificates were sustained. Case-Laws Indian Laws Thu, 23 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270294