https://www.taxtmi.com/caselaws?id=768605 The amended Section 13(8) of the SARFAESI Act extinguishes the borrower's right of redemption on publication of the auction notice if the secured debt is not tendered before that stage, so a sale already auctioned and confirmed before the insolvency commencement date is not undone by later payment of balance consideration or registration of the sale certificate. The secured creditor's self-purchase of the second property by adjustment was treated as permissible under Sections 13(5A) and 13(5B), because the decisive sale steps had also occurred before CIRP began. The moratorium under Section 14(1)(c) of the IBC did not invalidate transactions that had crystallised before insolvency commencement. en-us Fri, 04 Apr 2025 00:00:00 +0530 Thu, 10 Apr 2025 08:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768605 The amended Section 13(8) of the SARFAESI Act extinguishes the borrower's right of redemption on publication of the auction notice if the secured debt is not tendered before that stage, so a sale already auctioned and confirmed before the insolvency commencement date is not undone by later payment of balance consideration or registration of the sale certificate. The secured creditor's self-purchase of the second property by adjustment was treated as permissible under Sections 13(5A) and 13(5B), because the decisive sale steps had also occurred before CIRP began. The moratorium under Section 14(1)(c) of the IBC did not invalidate transactions that had crystallised before insolvency commencement. Case-Laws IBC Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768605