https://www.taxtmi.com/caselaws?id=193632 Sale proceedings under Rule 8 of the SARFAESI Rules can lawfully commence only after possession of the secured asset has been handed over to the secured creditor, whether possession is obtained directly or through Section 14. Where possession has not yet passed in accordance with that framework, a sale notice is premature and liable to be quashed. On the stated facts, possession had not been handed over, so the court declined to interfere with the quashing of the sale notice and upheld the Single Judge's order. en-us Thu, 05 Feb 2015 00:00:00 +0530 Thu, 10 Aug 2017 06:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193632 Sale proceedings under Rule 8 of the SARFAESI Rules can lawfully commence only after possession of the secured asset has been handed over to the secured creditor, whether possession is obtained directly or through Section 14. Where possession has not yet passed in accordance with that framework, a sale notice is premature and liable to be quashed. On the stated facts, possession had not been handed over, so the court declined to interfere with the quashing of the sale notice and upheld the Single Judge's order. Case-Laws Indian Laws Thu, 05 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193632