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    <title>2018 (4) TMI 717 - MADRAS HIGH COURT</title>
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    <description>Constitutional supervisory jurisdiction under Articles 226 and 227 remained available to examine DRT and DRAT proceedings, so the maintainability objection was rejected. Sale of secured immovable property under SARFAESI requires strict compliance with the mandatory 30-day notice procedure in Rules 8 and 9; notices giving only seven days and three days were invalid, and borrower default or dilatory conduct did not amount to waiver. An appellate order that both sustained the auction sale and permitted redemption was internally inconsistent and unsustainable; it was set aside with restitutionary relief protecting the auction purchaser and restoration of possession to the borrower if dispossessed.</description>
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    <pubDate>Wed, 17 Jan 2018 00:00:00 +0530</pubDate>
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      <title>2018 (4) TMI 717 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=358606</link>
      <description>Constitutional supervisory jurisdiction under Articles 226 and 227 remained available to examine DRT and DRAT proceedings, so the maintainability objection was rejected. Sale of secured immovable property under SARFAESI requires strict compliance with the mandatory 30-day notice procedure in Rules 8 and 9; notices giving only seven days and three days were invalid, and borrower default or dilatory conduct did not amount to waiver. An appellate order that both sustained the auction sale and permitted redemption was internally inconsistent and unsustainable; it was set aside with restitutionary relief protecting the auction purchaser and restoration of possession to the borrower if dispossessed.</description>
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      <pubDate>Wed, 17 Jan 2018 00:00:00 +0530</pubDate>
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