Banking Law20 September 2026 · R. Jagadeesan, Advocate
Is the Forfeiture of Deposit by the Bank in Default of Payment Under SARFAESI Mandatory?
An in-depth legal analysis of Rule 9(5) of the Security Interest (Enforcement) Rules, 2002 — examining whether forfeiture of deposit by banks upon default of payment by the auction purchaser is mandatory, with reference to landmark Supreme Court and Madras High Court judgements.
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