2024 (7) TMI 1452

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... an amounts recoverable, the appellant is entitled to proceed under the SARFAESI Act - the liability of the guarantor is joint and several with the principal debtor. The impugned judgment is set aside. Consequently, the appellant State Bank of India is entitled to proceed under the SARFAESI Act, including the notice under Section 13(4), which was impugned and quashed vide the impugned judgment - Ap .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Financial Assets and Enforcement of Security Interest Act, 2002 For short, SARFAESI Act . , by issue of notice under Section 13(4) of the SARFAESI Act. There being a mortgage and the loan amounts recoverable, the appellant is entitled to proceed under the SARFAESI Act. The liability of the guarantor is joint and several with the principal debtor. In view of the said position, the impugned judgmen .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X