Supreme Court Dismisses Appeal in Financial Corporation Loan Recovery Case — Upholds Liability for Damages. Citing that the appellant lacked authority to sell properties not covered by the mortgage deed, the court held the sale illegal and the appellant liable for damages under the State Financial Corporations Act, 1951....
The dispute arose between a financial corporation and a company regarding a loan agreement and subsequent sale of mortgaged properties. The appellant, Bihar State Financial Corporation, had granted a ...




