JUDGMENT

(Per Farhan P. Dubash, J)

TABLE OF CONTENTS:

A] Factual overview…………………………………………………… 4 – 7

B] Submissions of the Petitioner……………………………………… 8 – 10

C] Submissions of Respondent No. 1/Bank…………………………… 10

D] Submissions of Respondent No. 2…………………………………… 11 – 12

E] Submissions of Respondent No. 3…………………………………… 12

F] Submissions of the Amicus Curiae…………………………………… 13 – 15

G] Analysis of SARFAESI Act & SARFAESI Rules…………………… 15 – 20

H] Transfer of ownership of secured asset – when complete? ………… 20 – 26

I] Decision in Indian Overseas Bank (supra) ………………………… 26 – 30

J] Effect of interim-moratorium……………………………………… 30 – 34

K] Decision in Celir