https://www.taxtmi.com/caselaws?id=286546 Section 17 of the SARFAESI Act is not confined to challenges up to the stage of Section 13(4) and may extend to post-Section 13(4) secured creditor action, including a private treaty sale. The statutory scheme, including Section 17(3), allows the Debts Recovery Tribunal in appropriate cases to set aside the transaction and restore possession or status quo ante. On that basis, adding a prayer to declare the private treaty sale null and void was treated as a permissible amendment, since it did not prejudice the respondents where the main proceedings already challenged the secured creditor's measures. en-us Thu, 17 Sep 2009 00:00:00 +0530 Tue, 03 Mar 2020 12:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286546 Section 17 of the SARFAESI Act is not confined to challenges up to the stage of Section 13(4) and may extend to post-Section 13(4) secured creditor action, including a private treaty sale. The statutory scheme, including Section 17(3), allows the Debts Recovery Tribunal in appropriate cases to set aside the transaction and restore possession or status quo ante. On that basis, adding a prayer to declare the private treaty sale null and void was treated as a permissible amendment, since it did not prejudice the respondents where the main proceedings already challenged the secured creditor's measures. Case-Laws Indian Laws Thu, 17 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286546