AdvertisementPhoenix ARC Private Limited Vs Sub Registrar (Kerala High Court) The petitioner, an Asset Reconstruction Company, filed the writ petition seeking directions to the Sub Registrar to efface the entry relating to the attachment of its secured asset from the registration records and to register the sale certificate issued pursuant to proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act). The property had originally been equitably mortgaged by the third respondent in favour of South Indian Bank on 21.12.2009, and the mort...