SEBI Confirms Bank's Right to Auction Gurgaon Villa for Dues Recovery Under SARFAESI Act, 2002.

SEBI requisite legal power vested in it to direct the petitioner bank - Right of the bank to recovery dues and proceed with under the SARFAESI Act, 2002 - The orders passed by Whole Time Member of SEBI are applicable to the petitioner bank, they however do not prevent the petitioner bank from auctioning the mortgaged property being Villa in Gurgaon under the provisions of the SARFAESI Act, 2002. - HC .....

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