Even when mortgaged property belongs to guarantor, borrower would be a person aggrieved for filing appeal U/s. 17 of SARFAESI Act, 2002

Even when mortgaged property belongs to guarantor, the borrower would be a person aggrieved for filing appeal U/s. 17 of SARFAESI Act, 2002 1. This petition under Article 227 of the Constitution of India has been preferred for quashment of the recovery and auction proceedings initiated against the petitioner by the respondent UCO Bank (‘the Bank’ henceforth); for quashing the appellate order dated 9-11-2011 passed by the Debts Recovery Appellate Tribunal, Allahabad (‘the DRAT’ henceforth) by which the appeals preferred by the Bank and the auction purchaser were allowed; and for a direc...