This landmark Judgement of Supreme Court came at the time when the SARFAESI Act met with lots of criticism where rather than fulfilling the objective for which it was passed defaulters were taking undue advantage of the loopholes within it and secured creditors that is the bank were unable to enforce the secured asset or take possession of it to recover the loan granted by it to the borrower.This landmark Judgement of Supreme Court came at the time when the SARFAESI Act met with lots of criticism where rather than fulfilling the objective for which it was passed defaulters were taking undue advantage of the loopholes within it and secured creditors that is the bank were unable to enforce the secured asset or take possession of it to recover the loan granted by it to the borrower.taxmann.com Latest ArticlesRead More
