Celir LLP v. Bafna Motors: An Analysis of SC Judgment

Celir LLP Vs Bafna Motors (Mumbai) Pvt. Ltd. & Ors. (Supreme Court of India) Introduction Recently, in the case of Celir LLP v. Bafna Motors the court has iterated that, if the law is clear then there is no need to interpret the statute and the precedence must be given to the literal interpretation of the law. It held that the right of the borrower to redeem the property is extinguished the moment Secured Creditor gives the Auction notice in Public. There is profound implication of timeline in law otherwise the general public will lose faith in the auction system and will defeat the very ...