https://www.taxtmi.com/caselaws?id=200163 A secured creditor may invoke the SARFAESI Act even while recovery proceedings are pending under the RDDBFI Act, because the two statutes operate cumulatively and the proviso to Section 19(1) is an enabling provision rather than an exclusive-election bar. A challenge based on the absence of the bank officials' signatures on the guarantee deed is insufficient where the borrowers executed the guarantee and the security was acted upon. Enforcement action is also not time-barred where the mortgage enforcement falls within the applicable twelve-year limitation period and Section 36 does not invalidate the measures. en-us Thu, 11 Aug 2005 00:00:00 +0530 Thu, 22 Mar 2018 15:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200163 A secured creditor may invoke the SARFAESI Act even while recovery proceedings are pending under the RDDBFI Act, because the two statutes operate cumulatively and the proviso to Section 19(1) is an enabling provision rather than an exclusive-election bar. A challenge based on the absence of the bank officials' signatures on the guarantee deed is insufficient where the borrowers executed the guarantee and the security was acted upon. Enforcement action is also not time-barred where the mortgage enforcement falls within the applicable twelve-year limitation period and Section 36 does not invalidate the measures. Case-Laws Indian Laws Thu, 11 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200163