In Brief
L&T Housing Finance Limited sought to enforce security interests against the respondent borrowers and guarantors under the SARFAESI Act. The respondents challenged the proceedings on technical procedural grounds before the DRT and High Court. The Supreme Court held that where a secured creditor substantially complies with SARFAESI procedures and borrowers cannot identify actual procedural errors (only raising trivial technical objections), such objections cannot invalidate the enforcement proceedings. The Court distinguished between genuine procedural defects and feeble objections lacking substantive merit, allowing the appeal and upholding the creditor's enforcement rights.
The lawyer headnote and full judgment text are available to registered users.