could materialise, the bank classified the account as NPA and
initiated SARFAESI proceedings, disregarding the underlying causes of
stress and the statutory protections available ... residence are arbitrary and retaliatory.
14. The petitioners assert that the SARFAESI proceedings are
vitiated by breach of mandatory safeguards under the MSMED
could materialise, the bank classified the account as NPA and
initiated SARFAESI proceedings, disregarding the underlying causes of
stress and the statutory protections available ... residence are arbitrary and retaliatory.
14. The petitioners assert that the SARFAESI proceedings are
vitiated by breach of mandatory safeguards under the MSMED
could materialise, the bank classified the account as NPA and
initiated SARFAESI proceedings, disregarding the underlying causes of
stress and the statutory protections available ... residence are arbitrary and retaliatory.
14. The petitioners assert that the SARFAESI proceedings are
vitiated by breach of mandatory safeguards under the MSMED
could materialise, the bank classified the account as NPA and
initiated SARFAESI proceedings, disregarding the underlying causes of
stress and the statutory protections available ... residence are arbitrary and retaliatory.
14. The petitioners assert that the SARFAESI proceedings are
vitiated by breach of mandatory safeguards under the MSMED
submits that the present proceedings are
not maintainable in the light of exercise of remedy of initiation of
proceedings under SARFAESI Act by the Applicant ... amalgamated with his other
lands.
18) The Applicant initially initiated proceedings under
SARFAESI Act and issued notice under Section 13(2) on 6 February
Supreme Court has clearly held that SARFAESI proceedings and
arbitration proceedings which are civil proceedings, provide cumulative
remedies i.e., they are not in derogation ... been
envisaged under the SARFAESI Act and the two Acts are
cumulative remedies to the secured creditors.
33. SARFAESI proceedings are in the nature
submits that the present proceedings are
not maintainable in the light of exercise of remedy of initiation of
proceedings under SARFAESI Act by the Applicant ... amalgamated with his other
lands.
18) The Applicant initially initiated proceedings under
SARFAESI Act and issued notice under Section 13(2) on 6 February
also initiated SARFAESI proceedings simultaneously by issuing demand
notices on 25.06.2018 and 26.06.2018. As there was no effective response
for the notices, the possession notice ... concerned and they can raise their objections against the
SARFAESI proceedings.
12. In support of his legal contentions, the learned counsel for the
applicants/Bank
amounts due to the appellant-
respondent Bank in respect of the SARFAESI proceedings. They
have also invoked the statutory remedy provided under Section ... this Court, in order to secure an
interim order against the SARFAESI proceedings initiated against
notice under SARFAESI Act to the Appellant-
Corporate Debtor on 11.01.2019. The Appellant conscious of
the initiation of the SARFAESI proceedings, made a request ... Section 14 of SARFAESI Act on
24.05.2022 and sale was confirmed to the successful bidder.
All these steps under the SARFAESI proceedings had
therefore clearly
