Since section 13(8) of the SARFAESI Act specifies the stage of redemption, therefore, the principle of equity cannot be exercised in favour of the appellant at this belated stage, as a valuable right has been created in favour of the auction purchaser after registration of the sale deed and handing over the possession of the property – Mrs. Manju Shree Mandal Vs. The Authorized Officer, United Bank of India – DRAT Allahabad Bench