https://www.taxtmi.com/caselaws?id=456509 Coercive SARFAESI action against a guarantor's residential mortgaged property was deferred where the secured creditor had indicated that a request for one time settlement or rephasement could be considered under the applicable guidelines. The borrower was granted conditional protection: on deposit of Rs.10,00,000 within four weeks and filing of an OTS or rephasement application, the Bank was required to consider the request and refrain from further coercive steps until a decision was taken. en-us Tue, 11 Apr 2017 00:00:00 +0530 Tue, 30 Jul 2024 20:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456509 Coercive SARFAESI action against a guarantor's residential mortgaged property was deferred where the secured creditor had indicated that a request for one time settlement or rephasement could be considered under the applicable guidelines. The borrower was granted conditional protection: on deposit of Rs.10,00,000 within four weeks and filing of an OTS or rephasement application, the Bank was required to consider the request and refrain from further coercive steps until a decision was taken. Case-Laws Indian Laws Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456509