https://www.taxtmi.com/caselaws?id=753774 Service of sale notice under the SARFAESI enforcement rules was mandatory, and the absence of proper proof of service was treated as a procedural lapse. However, because the borrower had actual awareness of the auction process and had participated in related proceedings, the lapse did not require setting aside the completed sale. The SC preserved the auction purchaser's title, noted that third-party rights had intervened after construction and transfers, set aside the High Court's orders, and substituted an equitable monetary settlement in full and final resolution of the borrower's challenge. en-us Mon, 22 Jan 2024 00:00:00 +0530 Tue, 11 Jun 2024 07:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753774 Service of sale notice under the SARFAESI enforcement rules was mandatory, and the absence of proper proof of service was treated as a procedural lapse. However, because the borrower had actual awareness of the auction process and had participated in related proceedings, the lapse did not require setting aside the completed sale. The SC preserved the auction purchaser's title, noted that third-party rights had intervened after construction and transfers, set aside the High Court's orders, and substituted an equitable monetary settlement in full and final resolution of the borrower's challenge. Case-Laws Indian Laws Mon, 22 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753774