SARFAESI -- Confirmation Of Auction Sale -- Not A Shield Against Judicial Examination Of Reserve Price
Confirmation of a court auction sale does not render the matter immune from further scrutiny where credible issues arise regarding adequacy of valuation or fixation of the reserve price. The supervisory jurisdiction of the court remains available to ensure recovery proceedings secure the best possible value of the secured asset, balancing the interests of both creditor and borrower. Finality attached to confirmed sales cannot shield the process from judicial examination on valuation grounds.
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