Gujarat HC Dismisses SARFAESI Plea Cites Petitioners’ Lack of Vigilance And Slumber After Filing Appeal

This article covers a ruling of the Gujarat High Court which dismissed a petition filed under the which upheld a bank’s auction of cashew‐processing-units property under the SARFAESI regime because a status-quo interim order was never served on the bank. The case underscores the importance of service of interim orders in enforcement litigation: a breach in service may render the order non-operative, empowering secured creditors/banks to proceed with asset auctions. The article highlights practical debt-recovery advice: watch for notices, ensure service, respond to status orders.