Mathew Varghese vs M.Amritha Kumar . on 20 February, 2015
"25 The moment we find that the mandatory
requirement of the Rules had not been waived by the
borrower, consequences in law have to follow. As held
in Mathew Varghese's case, when there is a breach of
the said mandatory requirement the sale is to be
treated as null and void. Moreover, the appellant has
no answer to many other infirmities pointed out by the
High Court. We, therefore, are of the opinion that the
present appeals lack merit."