M/S L AND T HOUSING FINANCE LIMITED vs M/S TRISHUL DEVELOPERS

The Supreme Court addressed the appeal concerning the validity of a demand notice issued under the SARFAESI Act by a housing finance company. The court upheld the High Court's decision which quashed the demand notice, affirming that the appellant was indeed a secured creditor entitled to enforce security interests. The ruling clarified the interpretation of 'secured creditor' under the SARFAESI Act, emphasizing the procedural compliance required in such enforcement actions.