https://www.taxtmi.com/caselaws?id=384715 Under the SARFAESI regime, a public auction sale of a secured asset attains finality on issuance of the sale certificate and does not require registration under the Registration Act. The borrowers' right of redemption survives only until valid completion of the sale; here, no legally effective tender was made before that point, and later payments by other modes did not amount to compliance. Sections 35 and 37 did not defeat the completed sale, because SARFAESI's overriding effect prevailed over inconsistent general law. The auction purchaser's title therefore remained undisturbed. en-us Tue, 20 Aug 2019 00:00:00 +0530 Thu, 22 Aug 2019 07:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384715 Under the SARFAESI regime, a public auction sale of a secured asset attains finality on issuance of the sale certificate and does not require registration under the Registration Act. The borrowers' right of redemption survives only until valid completion of the sale; here, no legally effective tender was made before that point, and later payments by other modes did not amount to compliance. Sections 35 and 37 did not defeat the completed sale, because SARFAESI's overriding effect prevailed over inconsistent general law. The auction purchaser's title therefore remained undisturbed. Case-Laws Indian Laws Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384715