https://www.taxtmi.com/caselaws?id=187333 In a SARFAESI sale of immovable property, the sale notice must comply with Rule 8 of the Security Interest (Enforcement) Rules, 2002 by disclosing material particulars needed to assess the property, including existing encumbrances. Where such disclosure is omitted, the intending purchaser is not expected to proceed as though the property is free from undisclosed liabilities or litigation. On that footing, forfeiture of the bidder's earnest money deposit is not justified when the auction notice is defective for non-disclosure of encumbrances, and the bidder is entitled to relief. en-us Mon, 12 Jul 2010 00:00:00 +0530 Thu, 03 Aug 2017 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187333 In a SARFAESI sale of immovable property, the sale notice must comply with Rule 8 of the Security Interest (Enforcement) Rules, 2002 by disclosing material particulars needed to assess the property, including existing encumbrances. Where such disclosure is omitted, the intending purchaser is not expected to proceed as though the property is free from undisclosed liabilities or litigation. On that footing, forfeiture of the bidder's earnest money deposit is not justified when the auction notice is defective for non-disclosure of encumbrances, and the bidder is entitled to relief. Case-Laws VAT and Sales Tax Mon, 12 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187333