{"id":255489,"date":"2021-10-12T11:30:25","date_gmt":"2021-10-12T06:00:25","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=255489"},"modified":"2021-10-16T11:09:07","modified_gmt":"2021-10-16T05:39:07","slug":"diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/","title":{"rendered":"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI"},"content":{"rendered":"
\n

Introduction<\/strong><\/span><\/h3>\n
\n

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) was enacted with the objective to enable banks and financial institutions to realise long-term assets, to improve recovery of debts and reduce non-performing assets by taking possession and selling such assets, in the manner and as per the procedure as provided therein and read with the Security Interest (Enforcement) Rules, 2002 (Rules).<\/p>\n

 <\/p>\n

The SARFAESI read with the Rules, meticulously sets out the step-by-step procedure which is to be adhered to by the banks\/financial institutions i.e. the secured creditors, for taking possession and ultimately effecting the transfer of a non-performing asset. Non-adherence to any single procedural step or even non-compliance of a time period stipulated therein by the secured creditor, has lead to a plethora of litigation.<\/p>\n

 <\/p>\n

A third-party purchaser, being interested in acquiring the secured asset must primarily ensure that the secured creditor has taken all the necessary steps and checked all the boxes as spelt out under the SARFAESI read with the Rules, prior to acquisition of the secured asset.<\/p>\n

 <\/p>\n

\n

Sale on “As is where is basis”<\/strong><\/span><\/h3>\n
\n

The sale of secured assets under SARFAESI in most cases takes place on “as is where is basis” which means that the purchaser would be acquiring the asset with all its existing rights, obligations and liabilities. Auction notices which are issued by the secured creditors usually state that “the property is free from all encumbrances known to the secured creditor” and thereby shifting the onus onto the purchaser to make its own independent enquiry. However, the Bombay High Court, Nagpur Bench, in its recent judgment dated 18-2-2021 in Medineutrina (P) Ltd. <\/em>v. District Industries Centre<\/em>[1]<\/a> held that, when a property is sold on “as is where is basis”, though it would be upon the purchaser to make reasonable enquiries about the encumbrances affecting the property, the mere mention of “as is where is basis” or any such phrase should not absolve the secured creditor of its obligation to make proper enquiries about other dues\/encumbrances affecting the property, to obtain information about which the secured creditor has the means and which information should be disclosed in the auction notice so that the purchaser can make a conscious decision and not raise a plea of not having been informed. Insofar as encumbrances on account of statutory\/government\/municipal\/ revenue dues are concerned, the responsibility of obtaining the details thereof is of the secured creditor. In spite of the aforesaid directions laid down in the judgment, the Court further held that an encumbrance affecting the secured asset, prior to the issuance of the auction notice, would be the liability of the purchaser in order to obtain a clear and marketable title to the property having purchased the same on “as is where is basis”.<\/p>\n

 <\/p>\n

Even though the aforesaid judgment directs secured creditors to make a disclosure of statutory encumbrances in the auction notice, it is still to be seen if the directions laid down therein will become a reality and will protect a third-party purchaser who is acquiring the secured asset on “as is where is basis”. It is prudent for the purchaser to make its own independent enquiry with respect to outstanding dues and encumbrances affecting the property, so as to factor in such cost as such additional cost will not form part of the consideration payable to the secured creditor for acquisition of the asset. As per Section 31-B of SARFAESI [as amended by the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016], any debt due to a secured creditor by sale of assets over which security interest is created, shall take priority over any debt due to the Central Government, State Government or local authority. Accordingly, any other dues\/encumbrances affecting the property, will have to be cleared in addition to the consideration payable to the secured creditor so as to enable the purchaser to obtain a clear and marketable title to the secured asset.<\/p>\n

 <\/p>\n

\n

Borrowers right to foreclose and redeem the mortgage<\/span> <\/strong><\/h3>\n
\n

As per Section 60 of the Transfer of Property Act, 1882, the mortgagor\/borrower has a right to redeem the mortgage on payment of the entire mortgage money to the secured creditor. It has been the contention of borrowers that the right of redemption only stands extinguished on the date of registration of the sale certificate in favour of the purchaser. This point on redemption has been analysed by the Supreme Court of India in its judgment dated 20-8-2019 in Shakeena <\/em>v. Bank of India<\/em>[2]<\/a> wherein it was held that the borrower has a right of redemption only before the time the mortgage is foreclosed or the estate is sold. It was further held that issuance of a sale certificate as per Rule 9(7) of the Rules is a complete and absolute sale for the purpose of SARFAESI and the sale certificate need not be registered, as Section 17(2)(xii<\/em>) of the Registration Act, 1908 provides that a sale certificate issued by a Civil or Revenue Officer in respect of property sold in a public auction does not require registration. Accordingly, the right to redemption stands obliterated from the date of issuance of the sale certificate as registration of the sale certificate is not mandatory.<\/p>\n

 <\/p>\n

\n

Borrowers right to prevent transfer of secured assets<\/strong><\/span><\/h3>\n
\n

In addition to what is stated hereinabove and as per the amended Section 13(8) of the SARFAESI which has come into force with effect from 1-9-2016,\u00a0 which amended section states that, where the amount of dues of the secured creditor together with all costs, charges and expenses incurred by the secured creditor are tendered by the borrower to the secured creditor prior to the date of publication of notice for public auction or inviting quotations or tender from public or private treaty for transfer of the secured asset, the secured asset shall not be transferred by the secured creditor. The Supreme Court of India in its judgment dated 10-2-2014 in Mathew Varghese <\/em>v. M. Amritha Kumar<\/em>[3]<\/a> held that by virtue of the provisions of Section 13(8) of the SARFAESI, any sale or transfer of a secured asset cannot take place without duly informing the borrower of the time and date of such sale or transfer in order to enable the borrower to tender the dues of the secured creditor and any such sale or transfer effected without complying with the said statutory requirement would be a constitutional violation and nullify the ultimate sale.<\/p>\n

 <\/p>\n

\n

Conclusion<\/strong><\/span><\/h3>\n
\n

In light of what is stated hereinabove, acquisition of a secured asset under SARFAESI requires the purchaser to do thorough due diligence to ensure there are no outstanding dues and encumbrances affecting the property and to ensure strict compliance of the procedure along with the time periods as stipulated in SARFAESI read with the Rules. The thorough due diligence will enable the purchaser to obtain a clear and marketable title to the secured asset which is free from all encumbrances and by carrying out such due diligence, the purchaser will ultimately be saved from knocking on the doors of the court to enforce its right to the secured asset.<\/p>\n

 <\/p>\n

\n

\u2020 Partner, Shardul Amarchand Mangaldas<\/span><\/strong><\/p>\n

\u2020\u2020 Associate, Shardul Amarchand Mangaldas.<\/span> <\/strong><\/p>\n

[1]<\/a> 2021 SCC OnLine Bom 222<\/a>.<\/p>\n

[2]<\/a> 2019 SCC OnLine SC 1059<\/a>.<\/p>\n

[3]<\/a> (2014) 5 SCC 610<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Bhoumick Vaidya\u2020 and Harshini Kotecha\u2020\u2020<\/p>\n

Cite as: 2021 SCC OnLine Blog Exp 77<\/p>\n","protected":false},"author":8808,"featured_media":255495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[20271,46698],"tags":[4311,30150,11641,3596,47477,6371],"class_list":["post-255489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-experts_corner","category-shardul-amarchand-mangaldas","tag-borrowers","tag-enquiry","tag-mortgage","tag-SARFAESI","tag-secured-assets","tag-transfer-of-property"],"yoast_head":"\nDiligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI\" \/>\n<meta property=\"og:description\" content=\"by Bhoumick Vaidya\u2020 and Harshini Kotecha\u2020\u2020 Cite as: 2021 SCC OnLine Blog Exp 77\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-12T06:00:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-16T05:39:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/\",\"name\":\"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg\",\"datePublished\":\"2021-10-12T06:00:25+00:00\",\"dateModified\":\"2021-10-16T05:39:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg\",\"width\":1331,\"height\":888},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/","og_locale":"en_US","og_type":"article","og_title":"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI","og_description":"by Bhoumick Vaidya\u2020 and Harshini Kotecha\u2020\u2020 Cite as: 2021 SCC OnLine Blog Exp 77","og_url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2021-10-12T06:00:25+00:00","article_modified_time":"2021-10-16T05:39:07+00:00","og_image":[{"width":1331,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/","url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/","name":"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg","datePublished":"2021-10-12T06:00:25+00:00","dateModified":"2021-10-16T05:39:07+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg","width":1331,"height":888},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/12\/diligence-by-purchaser-prior-to-acquisition-of-secured-assets-under-sarfaesi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Diligence by Purchaser Prior to Acquisition of Secured Assets under SARFAESI"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-69.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":238612,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/does-the-remedy-under-section-14-of-sarfaesi-act-becomes-redundant-if-dm-is-unable-to-take-possession-of-secured-assets-within-time-limit-read-what-sc-says\/","url_meta":{"origin":255489,"position":0},"title":"Does the remedy under Section 14 of SARFAESI Act becomes redundant if DM is unable to take possession of secured assets within time limit? Read what SC says","author":"Prachi Bhardwaj","date":"November 6, 2020","format":false,"excerpt":"Supreme Court: The 3-judge bench of L. Nageswara Rao, Hemant Gupta* and Ajay Rastogi, JJ has upheld Kerala High Court\u2019s decision holding that Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) mandating the District Magistrate to deliver possession of\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":240806,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/17\/ker-hc-sarfaesi-act-whether-the-state-has-better-right-in-comparison-to-banks-and-other-financial-institutions-over-secured-assets-for-recovery-of-its-dues-legal-position-reiterated\/","url_meta":{"origin":255489,"position":1},"title":"Ker HC | [SARFAESI Act] Whether the State has better right in comparison to Banks and other Financial Institutions over secured assets for recovery of its dues; legal position reiterated","author":"Editor","date":"December 17, 2020","format":false,"excerpt":"Kerala High Court: A.M. Badar J., allowing the present petition, quashes the attachment made by the State authorities to recover tax dues. Background Counsel appearing for the petitioner argued that for repayment of loan availed by its borrower, the property comprised in Mannanchery village was mortgaged by the borrower. As\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":366699,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/14\/sarfaesi-act-secured-creditor-not-bear-for-police-assistance-expense-in-getting-possession-of-secured-assets-raj-hc\/","url_meta":{"origin":255489,"position":2},"title":"Section 14 SARFAESI Act | Magistrate cannot direct secured creditor to bear police assistance expense in getting secured assets’ possession: Rajasthan High Court","author":"Editor","date":"November 14, 2025","format":false,"excerpt":"\u201cThe police directed the petitioner to deposit Rs 6,34,383 for providing police assistance in taking possession of the secured asset whereas the loan amount to be recovered was only Rs 9,90,000.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"police expense in getting possession of secured assets","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":361237,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/09\/23\/remedy-for-secured-creditors-aggrieved-by-actions-under-section-134-of-the-sarfaesi-act-where-does-it-lie\/","url_meta":{"origin":255489,"position":3},"title":"Remedy for Secured Creditors Aggrieved by Actions under Section 13(4) of the SARFAESI Act: Where does it Lie?","author":"Editor","date":"September 23, 2025","format":false,"excerpt":"by Prashant Tripathi*","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"Secured Creditors Remedy under SARFAESI Act","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":285040,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/02\/24\/secure-or-not-sale-by-way-of-private-treaty-under-sarfaesi\/","url_meta":{"origin":255489,"position":4},"title":"Secure or Not: Sale by Way of Private Treaty under SARFAESI","author":"Bhumika Indulia","date":"February 24, 2023","format":false,"excerpt":"by Shantanu Tyagi\u2020 and Aishani Das\u2020\u2020 Cite as: 2023 SCC OnLine Blog Exp 21","rel":"","context":"In "Experts Corner"","block_context":{"text":"Experts Corner","link":"https:\/\/www.scconline.com\/blog\/post\/category\/experts_corner\/"},"img":{"alt_text":"Private Treaty under SARFAESI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-528.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-528.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-528.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-528.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":242092,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/11\/ker-hc-no-bar-to-parallel-proceedings-under-sarfaesi-act-during-ongoing-corporate-insolvency-resolution-process-hc-reiterates\/","url_meta":{"origin":255489,"position":5},"title":"Ker HC | No bar to parallel proceedings under SARFAESI Act during ongoing Corporate Insolvency Resolution Process; HC reiterates","author":"Editor","date":"January 11, 2021","format":false,"excerpt":"Kerala High Court: A.M. Badar, J., while dismissing the present petition, reiterated the observations of the Supreme Court in the words, \u201cIn cases relating to recovery of the dues of banks, financial institutions and secured creditors, stay granted by the High Court would have a serious adverse impact on the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/255489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=255489"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/255489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/255495"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=255489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=255489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=255489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}