https://www.taxtmi.com/caselaws?id=443825 Article explains that under the amended SARFAESI Act, writ jurisdiction under Article 226 should ordinarily not be used where an effective statutory remedy is available before the Debts Recovery Tribunal. It states that Section 13(8), as amended in 2016, cuts off the borrower's right of redemption at publication of the auction notice, not at issuance of the sale certificate. It further notes that once sale is confirmed under Rule 9(2) and the bid amount is paid, the auction purchaser acquires an enforceable right to the sale certificate, which the bank cannot withhold or defeat by a private settlement. Equity cannot override the statutory auction process. en-us Thu, 21 Sep 2023 00:00:00 +0530 Tue, 23 Sep 2025 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443825 Article explains that under the amended SARFAESI Act, writ jurisdiction under Article 226 should ordinarily not be used where an effective statutory remedy is available before the Debts Recovery Tribunal. It states that Section 13(8), as amended in 2016, cuts off the borrower's right of redemption at publication of the auction notice, not at issuance of the sale certificate. It further notes that once sale is confirmed under Rule 9(2) and the bid amount is paid, the auction purchaser acquires an enforceable right to the sale certificate, which the bank cannot withhold or defeat by a private settlement. Equity cannot override the statutory auction process. Case-Laws Indian Laws Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443825