Case Law Analysis
|Allahabad High Court
Section 17 SARFAESI Act | 45-Day Limitation Period Starts from Sale Certificate Date, Not Auction Date : Allahabad HC
Allahabad High Court clarifies that the 45-day limitation period under Section 17 of the SARFAESI Act begins from the issuance of the sale certificate, not the auction date. This ruling sets aside orders by the Debts Recovery Tribunal and Appellate Tribunal, remanding the case for fresh consideration on merits, impacting borrowers and secured creditors in debt recovery proceedings.