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Mukund Maheswar and Another v. Axis Bank Limited and Others, REEDLAW 2026 SC 01254
The Supreme Court ruled that allegations of fraud in SARFAESI possession proceedings require judicial examination and cannot be rejected at the threshold on procedural objections.
Feb 31 min read
Authorized Officer, IDBI Bank Limited v. Sunita Devi and Others, REEDLAW 2026 DRAT Ald 01259
The DRAT Allahabad reaffirmed that borrower intention governs mortgage validity, holding that forged title deeds do not defeat a secured creditor’s first charge or SARFAESI enforcement rights.
Feb 21 min read
Validity of Mortgage Depends on Borrower’s Intention; Subsequent Sale Cannot Defeat Secured Creditor’s First Charge under SARFAESI Act
The DRAT Allahabad reaffirmed that borrower intention governs mortgage validity, holding that forged title deeds do not defeat a secured creditor’s first charge or SARFAESI enforcement rights.
Feb 23 min read
Viney Kumar Sharma v. Improvement Trust and Another, REEDLAW 2026 SC 01006
The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.
Feb 11 min read
Fraud Allegations in SARFAESI Proceedings Cannot Be Rejected on Technical Objections: Supreme Court
The Supreme Court ruled that allegations of fraud in SARFAESI possession proceedings require judicial examination and cannot be rejected at the threshold on procedural objections.
Feb 13 min read
Failure to Disclose All Known Encumbrances in Public Auction Vitiates Sale and Entitles Purchaser to Refund with Interest
The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.
Jan 314 min read
ED Attaches ₹1,885 Crore in Assets Linked to Anil Ambani Group in Ongoing Bank Fraud Probe
The Enforcement Directorate provisionally attached ₹1,885 crore in assets linked to Reliance Anil Ambani Group entities in ongoing bank fraud and fund diversion investigations, taking cumulative attachments close to ₹12,000 crore.
Jan 302 min read
Violation of Mandatory 15-Day Sale Notice under Rules 8 & 9 of SARFAESI Rules — Auction Sale Set Aside
The DRAT held that an auction sale is liable to be set aside if the mandatory 15-day sale notice and the procedural requirements under Rules 8 and 9 of the SARFAESI Rules are not strictly complied with.
Jan 134 min read
Auction Sale Invalid for Stale Valuation Under Rule 8(5) Despite Valid Service of Statutory Notices | DRAT Allahabad
An auction sale based on a stale valuation violates Rule 8(5) of the SARFAESI Rules and cannot be sustained, even where statutory notices were duly served.
Jan 24 min read
Right of Redemption Under SARFAESI After Auction Notice: Post-Notice Payment Does Not Invalidate Sale Proceedings
The High Court clarified that once an auction notice is issued under the SARFAESI Act, the borrower’s statutory right of redemption stands extinguished, and subsequent payments or settlement offers cannot invalidate the sale process or restrain completion of enforcement proceedings.
Dec 26, 20253 min read
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