https://www.taxtmi.com/caselaws?id=768832 Writ jurisdiction may be exercised despite an alternate SARFAESI remedy where the purchaser's grievance falls outside the core Debts Recovery Tribunal proceedings and the secured creditor has disregarded mandatory sale requirements. Sale of immovable secured assets on an "as is where is" basis does not remove the obligation to disclose known encumbrances, title defects, and other material information affecting a purchaser's decision. Mandatory sale conditions require due diligence, disclosure of encumbrances, and proper certification of the property's status. Material non-disclosure that prejudices a good-faith purchaser can justify quashing the sale certificate, refund with interest, foreclosure of the related loan account, removal of an account freeze, and costs against the bank. en-us Tue, 03 Dec 2024 00:00:00 +0530 Tue, 15 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768832 Writ jurisdiction may be exercised despite an alternate SARFAESI remedy where the purchaser's grievance falls outside the core Debts Recovery Tribunal proceedings and the secured creditor has disregarded mandatory sale requirements. Sale of immovable secured assets on an "as is where is" basis does not remove the obligation to disclose known encumbrances, title defects, and other material information affecting a purchaser's decision. Mandatory sale conditions require due diligence, disclosure of encumbrances, and proper certification of the property's status. Material non-disclosure that prejudices a good-faith purchaser can justify quashing the sale certificate, refund with interest, foreclosure of the related loan account, removal of an account freeze, and costs against the bank. Case-Laws Indian Laws Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768832