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Supreme Court Cancels SARFAESI Auction Sale After 16 Years Due to a 5-Day Payment Delay - (11 Jun 2026)

BANKING

Supreme Court quashes 16-year-old SARFAESI auction sale, holding non-compliance with mandatory timelines under the Security Interest (Enforcement) Rules, 2002, renders the sale unsustainable, and allows appeal by deceased guarantor’s daughter against Indian Bank.

Tags : AUCTION SALE; PAYMENT; SARFAESI  

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