https://www.taxtmi.com/caselaws?id=357229 The article explains that under the SARFAESI framework, non-communication of reasons for rejecting a borrower's representation does not automatically invalidate enforcement where the creditor has substantially considered repayment proposals and granted repeated opportunities. It also states that land used as part of a hotel complex will not be treated as agricultural land merely because of revenue entries or incidental cultivation, so the statutory exclusion may not apply. Further, symbolic possession does not deprive the secured creditor of the status needed to seek physical possession after sale, and a public auction will not be upset absent a cogent factual basis for fraud or collusion. The enforcement measures and sale were upheld. en-us Mon, 19 Mar 2018 00:00:00 +0530 Wed, 16 Jul 2025 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357229 The article explains that under the SARFAESI framework, non-communication of reasons for rejecting a borrower's representation does not automatically invalidate enforcement where the creditor has substantially considered repayment proposals and granted repeated opportunities. It also states that land used as part of a hotel complex will not be treated as agricultural land merely because of revenue entries or incidental cultivation, so the statutory exclusion may not apply. Further, symbolic possession does not deprive the secured creditor of the status needed to seek physical possession after sale, and a public auction will not be upset absent a cogent factual basis for fraud or collusion. The enforcement measures and sale were upheld. Case-Laws Indian Laws Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357229