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2018 (3) TMI 198 - SC - Indian LawsE-auction - Section 13(8) of the SARFAESI Act - Held that: - the appellant failed to comply with the provisions of Section 13(8). The statute mandates that it is only where the dues of the secured creditor are tendered together with costs, charges and expenses before the date fixed for sale or transfer that the secured asset is not to be sold or transferred. The appellant, is however, entitled to a refund of his deposit of ₹ 7,00,000 with interest at 9% per annum from the date of deposit till payment - appeal allowed in part.
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