https://www.taxtmi.com/caselaws?id=338954 In a SARFAESI enforcement dispute, the Kerala HC considered whether an intra-court appeal should disturb a Single Judge's discretionary order granting the borrower further time to comply with a one-time settlement and delaying sale of the secured asset. The Court noted default, classification of the account as non-performing, initiation of proceedings under Section 13(2), and continued non-payment, but found no compelling reason to interfere with the limited equitable relief already granted. It extended the payment period while preserving the secured creditor's right to proceed with recovery if the settlement amount was not paid within the extended time. en-us Tue, 06 Sep 2016 00:00:00 +0530 Thu, 16 Feb 2017 07:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338954 In a SARFAESI enforcement dispute, the Kerala HC considered whether an intra-court appeal should disturb a Single Judge's discretionary order granting the borrower further time to comply with a one-time settlement and delaying sale of the secured asset. The Court noted default, classification of the account as non-performing, initiation of proceedings under Section 13(2), and continued non-payment, but found no compelling reason to interfere with the limited equitable relief already granted. It extended the payment period while preserving the secured creditor's right to proceed with recovery if the settlement amount was not paid within the extended time. Case-Laws Indian Laws Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338954