Sterling Holiday Resorts Limited v. M/s PM Associates & Ors
2026 INSC 10711 October 202610 min read
Supreme Court Sets Aside SARFAESI Auction Sale, Holds Process Violated Mandatory Statutory Framework
The Supreme Court set aside a SARFAESI auction sale, holding that receiving bids in violation of a DRAT restraint, concluding sale before the mandatory 30-day period, and issuing certificate to a non-bidder rendered the auction illegal.
Case Snapshot
- Case Name
- Sterling Holiday Resorts Limited v. M/s P.M. Associates & Ors.
- Citation
- 2026 INSC 1071
- Bench
- Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe
- Date of Judgment
- September 30, 2026
- Area of Law
- SARFAESI Act, 2002 — Security Interest (Enforcement) Rules, 2002 — Auction Sale — Mandatory Procedure — Section 13(8)
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