DRT Rejects Challenge to Auction Sale Due to Proper Service of SARFAESI Notices

Kamdhenu Agrotech Vs Authorized Officer (DRT Allahabad) The Debts Recovery Tribunal (DRT) Allahabad adjudicated an application filed under Section 17 of the SARFAESI Act, 2002, by a partnership firm and its partners challenging the recovery measures taken by Union Bank of India. The Supreme Court had earlier directed disposal of the securitisation application (SA) within six months, but the matter remained pending due to the absence of a regular Presiding Officer until August 2025. The applicants obtained a loan in September 2020 for a dairy business after mortgaging their properties and that ...