https://www.taxtmi.com/caselaws?id=309993 The amended Section 13(8) of the SARFAESI Act regulates the secured creditor's power to transfer the secured asset, but does not extinguish the mortgagor's equity of redemption. That right continues under the general law until completion of transfer by issuance of the sale certificate, not merely on publication of the sale notice or conduct of the auction. On the facts, the petitioners had made substantial payments and remained willing to clear the balance, so equitable relief against the auction proceedings was granted subject to payment of the outstanding dues within four weeks, with protection for the auction purchasers through refund of their deposit with interest. en-us Thu, 23 Dec 2021 00:00:00 +0530 Fri, 29 Sep 2023 20:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309993 The amended Section 13(8) of the SARFAESI Act regulates the secured creditor's power to transfer the secured asset, but does not extinguish the mortgagor's equity of redemption. That right continues under the general law until completion of transfer by issuance of the sale certificate, not merely on publication of the sale notice or conduct of the auction. On the facts, the petitioners had made substantial payments and remained willing to clear the balance, so equitable relief against the auction proceedings was granted subject to payment of the outstanding dues within four weeks, with protection for the auction purchasers through refund of their deposit with interest. Case-Laws Indian Laws Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309993