https://www.taxtmi.com/caselaws?id=360677 SARFAESI auction-sale safeguards require strict compliance with the redemption notice period, payment conditions, purchaser identity and current valuation requirements. A clear 30-day period under Rules 8(6) and 9(1) must be available before sale, notwithstanding the amended timing of redemption under Section 13(8). Under the unamended Rule 9(4), extensions for payment of the balance consideration require the borrower's consent. Issuing a sale certificate to a nominee contrary to sale conditions, or fixing reserve price using stale valuation in a fluctuating market, can undermine the sale. Writ jurisdiction may remain available where the statutory remedy has not provided effective relief. en-us Fri, 06 Apr 2018 00:00:00 +0530 Mon, 21 May 2018 10:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360677 SARFAESI auction-sale safeguards require strict compliance with the redemption notice period, payment conditions, purchaser identity and current valuation requirements. A clear 30-day period under Rules 8(6) and 9(1) must be available before sale, notwithstanding the amended timing of redemption under Section 13(8). Under the unamended Rule 9(4), extensions for payment of the balance consideration require the borrower's consent. Issuing a sale certificate to a nominee contrary to sale conditions, or fixing reserve price using stale valuation in a fluctuating market, can undermine the sale. Writ jurisdiction may remain available where the statutory remedy has not provided effective relief. Case-Laws Indian Laws Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360677