https://www.taxtmi.com/caselaws?id=775974 The MSME revival and rehabilitation framework was read as a harmonised scheme of reciprocal obligations: a borrower facing incipient stress must timely invoke it through a verified claim, and only then is the secured creditor bound to consider the request and keep further SARFAESI action in abeyance. Absent prior invocation, the creditor is not barred from classifying the account as non-performing or issuing notice under section 13(2). A claim first raised at the stage of section 14 proceedings was treated as belated and incapable of defeating lawful SARFAESI steps, especially where a statutory remedy under section 17 was available. en-us Mon, 28 Jul 2025 00:00:00 +0530 Mon, 04 Aug 2025 08:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775974 The MSME revival and rehabilitation framework was read as a harmonised scheme of reciprocal obligations: a borrower facing incipient stress must timely invoke it through a verified claim, and only then is the secured creditor bound to consider the request and keep further SARFAESI action in abeyance. Absent prior invocation, the creditor is not barred from classifying the account as non-performing or issuing notice under section 13(2). A claim first raised at the stage of section 14 proceedings was treated as belated and incapable of defeating lawful SARFAESI steps, especially where a statutory remedy under section 17 was available. Case-Laws Indian Laws Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775974