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9 October 2025

29 Ticking Clock, Sealed Fate: Supreme Court Ends Borrower Redemption Post-Auction Notice (Podcast)

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In this Lexpresso special, we unpack the Supreme Court's landmark ruling in M. Rajendran & Ors vs. KPK Oils and Proteins India Pvt Ltd & Ors, which redefines a borrower's right to redeem mortgaged property...
India Litigation, Mediation & Arbitration
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Episode Description

In this Lexpresso special, we unpack the Supreme Court's landmark ruling in M. Rajendran & Ors vs. KPK Oils and Proteins India Pvt Ltd & Ors, which redefines a borrower's right to redeem mortgaged property under the SARFAESI Act, 2002. The Court ruled that once a bank publishes an auction notice, the borrower's redemption right is permanently extinguished—even before the sale is completed—reflecting the 2016 amendment to Section 13(8).

By drawing this firm cut-off, the Court protects auction buyers, empowers banks to recover faster, and sends a sharp warning to borrowers: the clock starts—and stops—with the auction notice.

Your 9-minute breakdown of the judgment reshaping India's debt recovery landscape.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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