https://www.taxtmi.com/caselaws?id=312999 In a writ petition challenging sale of mortgaged property under the SARFAESI framework, the petitioner argued that the secured creditor proceeded with the sale after an earlier auction was deferred and without initiating a fresh sale process in accordance with the statutory procedure. The commentary notes that, where a sale does not materialise under the prescribed notice process and the borrower is not solely at fault, the earlier notice may not continue indefinitely. Pending further hearing and the secured creditor's response, interim protection was granted and status quo was directed to be maintained till the next date of hearing. en-us Wed, 05 Oct 2016 00:00:00 +0530 Mon, 18 Mar 2024 19:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312999 In a writ petition challenging sale of mortgaged property under the SARFAESI framework, the petitioner argued that the secured creditor proceeded with the sale after an earlier auction was deferred and without initiating a fresh sale process in accordance with the statutory procedure. The commentary notes that, where a sale does not materialise under the prescribed notice process and the borrower is not solely at fault, the earlier notice may not continue indefinitely. Pending further hearing and the secured creditor's response, interim protection was granted and status quo was directed to be maintained till the next date of hearing. Case-Laws Indian Laws Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312999