Notice To Borrower About Intention To Sell Secured Asset And Public Notice For The Sale Can Be Issued Simultaneously: SC [Read Judgment]

There is no need to wait for the expiry of 30 days from issuance of notice of intention to sell the secured asset given to the borrower, for publication of a public notice for sale of such asset, the bench said.The Supreme Court, in Canara Bank vs. M. Amarender Reddy, has held that it is permissible to simultaneously issue notice to the borrower about the intention to sell the secured assets...