https://www.taxtmi.com/caselaws?id=309937 After the 2016 amendment to Section 13(8) of the SARFAESI Act, a secured creditor must preserve a clear thirty-day interval between service of the Rule 8(6) sale notice and publication of the Rule 9(1) auction notice, because the borrower's redemption right continues until publication of the Rule 9(1) notice. Where that interval is not maintained, the sale notice and consequential auction notice are invalid and liable to be set aside. The possession notice issued more than sixty days after the demand notice was not found illegal, and the challenge based on non-consideration of the borrower's representation was also rejected. en-us Wed, 27 Jun 2018 00:00:00 +0530 Wed, 27 Sep 2023 21:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309937 After the 2016 amendment to Section 13(8) of the SARFAESI Act, a secured creditor must preserve a clear thirty-day interval between service of the Rule 8(6) sale notice and publication of the Rule 9(1) auction notice, because the borrower's redemption right continues until publication of the Rule 9(1) notice. Where that interval is not maintained, the sale notice and consequential auction notice are invalid and liable to be set aside. The possession notice issued more than sixty days after the demand notice was not found illegal, and the challenge based on non-consideration of the borrower's representation was also rejected. Case-Laws Indian Laws Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309937