Security Interest (Enforcement) Rules, 2002 R. 9(4) – Respondent bank has stated that the sale confirmation letter could not be sent to the petitioner through registered post with acknowledgement due because of the lockdown imposed by the Government due to COVID-19 pandemic – Thus, it had not sent any sale confirmation letter to the petitioner through registered post with acknowledgement due – It would mean that there was no sale confirmation letter issued by the Secured creditor bank – Time period for depositing the balance 75% of the amount would not deem to have been started.
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