https://www.taxtmi.com/news?id=56535 Borrower redemption is extinguished once a secured creditor publishes an auction notice under the SARFAESI Act, with purchasers acquiring indefeasible rights upon issuance of the sale certificate. The legislative amendment removing post-notice redemption applies to preexisting loans where default occurred after the amendment's commencement. The court noted statutory ambiguities between the Act and its rules, urged legislative reform, held that no distinct separate notice of sale is required under the rules, and confirmed that third-party rights over the secured asset would be rendered ineffective. en-us Mon, 22 Sep 2025 20:16:02 +0530 Mon, 22 Sep 2025 20:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56535 Borrower redemption is extinguished once a secured creditor publishes an auction notice under the SARFAESI Act, with purchasers acquiring indefeasible rights upon issuance of the sale certificate. The legislative amendment removing post-notice redemption applies to preexisting loans where default occurred after the amendment's commencement. The court noted statutory ambiguities between the Act and its rules, urged legislative reform, held that no distinct separate notice of sale is required under the rules, and confirmed that third-party rights over the secured asset would be rendered ineffective. News - Mon, 22 Sep 2025 20:16:02 +0530 https://www.taxtmi.com/news?id=56535