Supreme Court · 2021 INSC 534 · Decided 23 September 2021
S. Karthik & ORS. v. N. Subhash Chand Jain & ORS.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 534 · [2021] 13 S.C.R. 1096
- Case number
- CIVIL APPEAL No. 5920/2021
- Decided
- 23 September 2021
- Bench
- L. NAGESWARA RAO, BHUSHAN RAMKRISHNA GAVAI, B.V. NAGARATHNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - Section 13 - Enforcement of Security Interest - Notice to Sale - Rule 9 of the SARFAESI Rules - 30 days' notice - The present judgment of the High Court disposing of four writ petitions - Loan transaction of Rs. 21,14,00,000/- between AC Pvt. Ltd. (borrower) and Bank (Respondent No. 5) - 4 properties were mortgaged as security - Borrower was categorised as Non- Performing Asset - First Sale Notice
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