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Proceedings under SARFAESI Act could be challenged only by borrower or guarantor or any person affected by action: HC

February 9, 2017[2017] 78 28 (Madras)

SARFAESI : Expression 'any person' employed in section 17(1) of SARFAESI Act and rule 13(2) of Security Interest (Enforcement) Rules, 2002, can have reference, only to borrower or guarantor or any person aggrieved or affected by any action taken under section 13(4) and law is not designed, enabling all persons to challenge proceedings of SARFAESI Act

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