https://www.taxtmi.com/caselaws?id=400084 A mere clerical or technical defect in a SARFAESI demand notice does not invalidate recovery proceedings where the borrower had clear knowledge of the loan transaction, the notice related to the same facility, and no real prejudice was shown. The mistaken affixation of the seal of another group company was treated as a human error, not a substantive defect, because the agreement, correspondence, and subsequent enforcement measures all pointed to the same liability. The notice under Section 13(2) and the consequential measures under Sections 13(4) and 14 were therefore not vitiated. en-us Tue, 27 Oct 2020 00:00:00 +0530 Wed, 28 Oct 2020 09:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400084 A mere clerical or technical defect in a SARFAESI demand notice does not invalidate recovery proceedings where the borrower had clear knowledge of the loan transaction, the notice related to the same facility, and no real prejudice was shown. The mistaken affixation of the seal of another group company was treated as a human error, not a substantive defect, because the agreement, correspondence, and subsequent enforcement measures all pointed to the same liability. The notice under Section 13(2) and the consequential measures under Sections 13(4) and 14 were therefore not vitiated. Case-Laws Indian Laws Tue, 27 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400084