Case Law Analysis
|Madhya Pradesh High Court
SARFAESI Act Section 14 | MP HC Stays Auction of Residential Property Due to DRT Non-Functioning and 75% Loan Repayment : MP HC Indore
Madhya Pradesh High Court halts auction of borrowers' residential property under SARFAESI Act, ruling that procedural fairness mandates suspension when Debt Recovery Tribunal is non-functional and 75% of the loan has already been repaid. The decision underscores the need for banks to consider partial repayments before enforcing coercive recovery measures.