The Supreme Court, in a significant ruling, has held that a borrower’s right to redeem a mortgaged property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, is extinguished on the date a valid notice of sale is published. A bench of Justices J.B. Pardiwala and R. Mahadevan
Borrower’s Right to Redeem Property Extinguishes on Date of Auction Notice Publication, Amended SARFAESI Act Applies to ‘Alive’ Claims: Supreme Court
