Indian courts, clearly reported
Supreme Court

Sterling Holiday Resorts Limited V. M/S P.M Associates and Ors.

Supreme Court—Civil Appeals—SARFAESI Act, 2002—Auction sale of secured resort—Rules 8 and 9 of 2002 Rules mandatory—bid received during subsisting restraint, sale concluded before thirty-day period, certificate issued to non-bidder entity—auction held illegal; impugned judgment set aside, Borrower’s appeals allowed, Purchaser’s appeals dismissed. Date of Judgement—30.09.2026. 

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