Whether an application under section 17(1) of the SARFAESI Act, at the instance of a borrower, is maintainable even before physical or actual possession of secured assets is taken by banks/financial institutions in exercise of their powers under section 13(4) of the Act read with rule 8 of the Security Interest (Enforcement) Rules, 2002 – Hindon Forge Pvt. Ltd. & Anr. v State of Uttar Pradesh – Supreme Court

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Whether an application under section 17(1) of the SARFAESI Act, at the instance of a borrower, is maintainable even before physical or actual possession of secured assets is taken by banks/financial institutions in exercise of their powers under section 13(4) of the Act read with rule 8 of the Security Interest (Enforcement) Rules, 2002 – Hindon Forge Pvt. Ltd. & Anr. v State of Uttar Pradesh – Supreme Court Read Post »