Security interest (Enforcement) Rules, 2002 Rule 9(3) – Cancellation of sale – Sale which means that it is not required for an auction purchaser to wait till the expiry of 15 days to deposit the sale amount – Depositing the entire amount on the same date of sale, does not seem to be in contravention of Rule 9 (3) or (4) of the Rules, 2002 – Rather, this shows the readiness of the auction purchaser to deposit the sale consideration, well in time – Therefore, this could not be an argument to cancel the sale.
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- Sale of Goods Act
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- Securities and Exchange Board of India Act, 1992
- Service Matters
- Service of orders on a government servant
- Sexual Offence
- Special Marriage Act, 1954
- Specific Performance
- Specific Relief Act, 1963
- Stamp Act, 1899
- Stamp duty
- Stay
- Suit for declaration / possession
- Succession Act
- Suit for recovery of Money
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Security Interest (Enforcement) Rules 2002 Rule 8(6), 8(7), 9(1) – Personal service of sale notice is the requirement in law, apart from publication. 2022 PLRonline 5555
Sarfaaesi Act S. 17(1) - Limitation to challenge the sale - 45 days - From the date of auction or confirmation of sale. 2022 PLRonline 5555 P&H
Security Interest (Enforcement) Rules, 2002 Rule 9(3) – Auction purchaser need not to wait till the expiry of 15 days to deposit the sale amount.
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