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    <title>2022 (9) TMI 1623 - MADRAS HIGH COURT</title>
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    <description>In SARFAESI enforcement proceedings, the petitioner sought time to clear the outstanding dues with protection from coercive action. The petitioner expressed readiness to settle the balance within three months after adjusting amounts already paid, and the respondents ed that proposal. On that basis, the Court directed payment of the balance within the stipulated period and restrained coercive steps in the meantime. The secured creditor&#039;s right to proceed in accordance with law was preserved if the petitioner failed to comply.</description>
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      <description>In SARFAESI enforcement proceedings, the petitioner sought time to clear the outstanding dues with protection from coercive action. The petitioner expressed readiness to settle the balance within three months after adjusting amounts already paid, and the respondents ed that proposal. On that basis, the Court directed payment of the balance within the stipulated period and restrained coercive steps in the meantime. The secured creditor&#039;s right to proceed in accordance with law was preserved if the petitioner failed to comply.</description>
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