Bombay High Court Dismisses Challenge to Rule 8(5) of Security Interest (Enforcement) Rules, 2002 — Rule Permitting Authorised Officer to Fix Reserve Price in Consultation with Secured Creditor Held Valid. The Court Found No Arbitrariness as Borrower Has Remedy Under Section 17 of SARFAESI Act Before Debt Recovery Tribunal....
The petitioners, M/s. Sea Poly Plast India Pvt. Ltd. & Ors., challenged the constitutional validity of Rule 8(5) of the Security Interest (Enforcement) Rules, 2002, framed under the Securitisation and...




