https://www.taxtmi.com/caselaws?id=793838 Once a secured asset sale is confirmed and the auction-purchaser pays the full consideration, the purchaser acquires a vested right to the sale certificate and delivery of physical possession. The secured creditor cannot refuse to complete the sale merely because a securitisation application is pending before the DRT, unless there is a competent stay order restraining further action. The statutory scheme under the SARFAESI Act and Rules requires the bank to act on the confirmed sale and complete the consequential steps. On that basis, the objection based on pendency of proceedings was rejected, and issuance of the sale certificate and delivery of possession were directed, subject to the final outcome of the pending application. en-us Thu, 07 May 2026 00:00:00 +0530 Thu, 25 Jun 2026 08:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793838 Once a secured asset sale is confirmed and the auction-purchaser pays the full consideration, the purchaser acquires a vested right to the sale certificate and delivery of physical possession. The secured creditor cannot refuse to complete the sale merely because a securitisation application is pending before the DRT, unless there is a competent stay order restraining further action. The statutory scheme under the SARFAESI Act and Rules requires the bank to act on the confirmed sale and complete the consequential steps. On that basis, the objection based on pendency of proceedings was rejected, and issuance of the sale certificate and delivery of possession were directed, subject to the final outcome of the pending application. Case-Laws Indian Laws Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793838