https://www.taxtmi.com/caselaws?id=339748 Under the SARFAESI Act and the Security Interest (Enforcement) Rules, a secured creditor must give the borrower a clear thirty days' notice before sale of an immovable secured asset, but no separate prior notice is required before choosing the mode of sale. The notice of intended sale to the borrower under Rule 8(6) and the public notice for auction or tender sale may be issued simultaneously, because the Rules do not require a sequential two-stage process. The borrower's protection is the mandatory thirty-day gap between the sale notice and the actual sale date, not a prior notice on the choice of sale mode. en-us Thu, 02 Mar 2017 00:00:00 +0530 Mon, 12 Nov 2018 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339748 Under the SARFAESI Act and the Security Interest (Enforcement) Rules, a secured creditor must give the borrower a clear thirty days' notice before sale of an immovable secured asset, but no separate prior notice is required before choosing the mode of sale. The notice of intended sale to the borrower under Rule 8(6) and the public notice for auction or tender sale may be issued simultaneously, because the Rules do not require a sequential two-stage process. The borrower's protection is the mandatory thirty-day gap between the sale notice and the actual sale date, not a prior notice on the choice of sale mode. Case-Laws Indian Laws Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339748