https://www.taxtmi.com/caselaws?id=405238 A SARFAESI demand notice must strictly comply with section 13(3) by specifying the amount payable and the secured assets intended for enforcement; a bare lump-sum demand is insufficient and renders the notice invalid. The notice must enable the borrower to understand the claim and raise an effective objection under section 13(3A). In proceedings under section 17, the Debts Recovery Tribunal may examine the validity of the section 13(2) notice and whether the statutory preconditions under sections 13(2), 13(3) and 13(3A) were satisfied, because that inquiry goes to the legality of measures taken under section 13(4). en-us Mon, 17 Aug 2020 00:00:00 +0530 Mon, 15 Mar 2021 08:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405238 A SARFAESI demand notice must strictly comply with section 13(3) by specifying the amount payable and the secured assets intended for enforcement; a bare lump-sum demand is insufficient and renders the notice invalid. The notice must enable the borrower to understand the claim and raise an effective objection under section 13(3A). In proceedings under section 17, the Debts Recovery Tribunal may examine the validity of the section 13(2) notice and whether the statutory preconditions under sections 13(2), 13(3) and 13(3A) were satisfied, because that inquiry goes to the legality of measures taken under section 13(4). Case-Laws Indian Laws Mon, 17 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405238