https://www.taxtmi.com/caselaws?id=458410 SARFAESI proceedings require the Debts Recovery Tribunal to examine a borrower's challenge to secured-creditor measures and decide it expeditiously on merits. Repeated interim orders cannot indefinitely preserve the dispute; non-compliance with an interim arrangement should lead to its vacation and merits adjudication, while the Appellate Tribunal may require prompt disposal. Permitting auction and sale without deciding the issues raised in appeal defeats the statutory framework for time-bound adjudication and constitutes mechanical disposal. The appellate order was unsustainable, quashed, and the matter remitted to the Debts Recovery Tribunal for fresh decision within a fixed period, with recovery steps temporarily held in abeyance. en-us Wed, 28 Sep 2011 00:00:00 +0530 Fri, 25 Oct 2024 20:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458410 SARFAESI proceedings require the Debts Recovery Tribunal to examine a borrower's challenge to secured-creditor measures and decide it expeditiously on merits. Repeated interim orders cannot indefinitely preserve the dispute; non-compliance with an interim arrangement should lead to its vacation and merits adjudication, while the Appellate Tribunal may require prompt disposal. Permitting auction and sale without deciding the issues raised in appeal defeats the statutory framework for time-bound adjudication and constitutes mechanical disposal. The appellate order was unsustainable, quashed, and the matter remitted to the Debts Recovery Tribunal for fresh decision within a fixed period, with recovery steps temporarily held in abeyance. Case-Laws Indian Laws Wed, 28 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458410