Category: Auction Process
Statutory document issued to the auction winner confirming the transfer of ownership.
The sale certificate is a strong title document; it can be registered with the sub-registrar (stamp duty applies). Once issued, the buyer steps into the lender’s rights under SARFAESI Section 13(8) or the equivalent IBC provision.
Need broader context? Read our pillar guides for in-depth coverage of SARFAESI, DRT, NCLT, EMD, title due diligence, and financing.
