Trivial Irregularity In Following The Procedure Under The SARFAESI Act, 2002 Does Not Vitiate The Entire Proceedings Unless Substantial Prejudice Caused To The Debtor: Supreme Court

Supreme Court in the case of L&T Housing Finance Limited v. Trishul Developers and Another has held that a trivial procedural lapse will not render the entire proceeding initiated by a secured creditor under the Securitisation and Reconstruction of Financial…