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Sale of secured asset under SARFAESI couldn’t be set aside as defaulters failed to exercise right of redemption

August 21, 2019[2019] 108 taxmann.com 316 (SC)
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FEMA, BANKING & INSURANCE : Sale of secured assets of appellant borrowers, pursuant to notice issued under SARFAESI could not have been set aside, as appellant borrowers failed to exercise their right of redemption of secured assets before registration of sale certificate in favour of highest bidder

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