Karnataka High Court Quashes Possession Notice Against Guarantor in SARFAESI Act Case — Bank Must Exhaust Remedies Against Borrower First. Guarantor's Property Cannot Be Proceeded Against Without First Proceeding Against Principal Borrower Under Section 13(2) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
12 Apr 2018The petitioner, Mahesh S/o Hemadreppa Sajjanaar, filed a writ petition challenging a possession notice dated 06.03.2017 issued by the Authorized Offic...




