Breaking: Section 13(3A) of SARFAESI Act mandatory, not directory, SC [Read Judgment]

Breaking: Section 13(3A) of SARFAESI Act mandatory, not directory, SC [Read Judgment]

The Supreme Court has held that in recovering secured property from Non-Performing Assets (NPAs), a secured creditor is bound to consider representations, if any, made by the debtor under Section 13(3A), after the initiation of proceedings under Section 13 of the SARFAESI Act. However, this mandate can also be constructively satisfied.

Loading content, please wait...
Bar and Bench - Indian Legal news
www.barandbench.com