SARFAESI Auction Sale Held Illegal: Sterling Holiday Resorts.
On 30 September 2026 the Supreme Court set aside a SARFAESI auction sale of a hill resort at Ooty. A bid taken during a tribunal restraint, a premature sale, a certificate issued to a non-bidder nominee and a missing sale record defeated the process. Read the five infirmities and the lessons for borrowers, bidders and lenders.