CELIR LLP vs BAFNA MOTORS (MUMBAI) PVT. LTD.

The Supreme Court examined the validity and procedural aspects of the SARFAESI Act, particularly focusing on the rights of borrowers in mortgage redemption and the scope of judicial intervention under Article 226. The Court analyzed legislative history, amendments, and relevant case law, including the Telangana High Court decision, to determine the legal standing of the bank's actions and the sanctity of public auctions. It emphasized the importance of procedural fairness and clarified the limits of extraordinary jurisdiction exercised by High Courts in SARFAESI cases. The judgment ultimately upheld the statutory scheme and clarified legal principles governing mortgage redemption and bank conduct.