SARFAESI | Confirmed Sale Can't Be Set Aside For Mere Irregularities Except Fraud, Collusion, Inadequate Pricing, Under-bidding Etc

The Supreme Court ruled that a confirmed sale under the SARFAESI Act cannot be set aside for mere irregularities, except in cases of fraud, collusion, or inadequate pricing. The case involved a challenge to the validity of a sale confirmed by the bank under the SARFAESI Act. The court held that minor procedural errors or irregularities would not invalidate the sale, except if there were significant issues such as fraud or unfair practices in the bidding process. The ruling ensures that the sale process under SARFAESI remains robust and that confirmed sales are protected from challenges based on trivial irregularities, provided the sale is conducted in good faith.