SARFAESI Act, Auction Purchasers Can't Object to Bank Offering One-Time Settlement Until Auction Sale is Confirmed: Kerala High Court
In a recent ruling under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), the Kerala High Court delivered a significant judgment favoring auction purchasers embroiled in a dispute with a bank over a One Time Settlement (OTS). The case pertained to Writ Petitions (Civil) No. 24087 of 2023 and No. 27867 of 2023. Case Details: The petitioners in these writ petitions, namely…
