SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2024 Supreme(Online)(DRAT) 494

DEBT RECOVERY APPELLATE TRIBUNAL
Justice Shri G. CHANDRASEKHARAN
Sri Mampilly Joseph – Appellant
Versus
LIC Housing Finance ltd & anr – Respondent


ORDER

1. This Appeal is directed against the Order of Learned Presiding Officer, DRT, Bangalore in SA 139/2014 dated

27.08.2014.

2. Appellant filed Application under Section 17(1) of Secutisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 (hereinafter called SARFAESI Act, 2002) to set aside the order passed by the XI Additional Chief Metropolitan Magistrate, Bangalore in C. Misc No. 46/2011 dated 27.07.2011 passed under Section 14 of SARFAESI Act, 2002.

3. Learned Counsel for Appellant submitted that there was no proper service of Notice under Section 13(2) of SARFAESI Act, 2002. Rule 3 of the Security Interest (Enforcement) Rules, 2002, (hereinafter referred to as Enforcement Rules, 2002) requires the Demand Notice under Section 13(2) of SARFAESI Act, 2002, shall be delivered personally, or through registered post with acknowledgement due, or by Speed Post or by courier or by any other means of transmission of documents like fax message or electronic mail service; If there is reason to believe that the borrower is avoiding service of the notice, or for any other reason, service cannot be made for the aforesaid, the service shall be effected b

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top