Search Results for "auction sale"

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Analyzing Rights and Liabilities in Auction Sales of Attached Properties under the MPID Act.

The High Court of Bombay dismissed a writ petition filed by Lemon Seeds Hospitality Pvt. Ltd., which sought the cancellation of an auction sale of att...

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Auction Set Aside on Equitable Grounds: Auction Purchaser Compensated with Interest. Supreme Court modifies High Court orders to grant 6% interest to auction purchaser for delay in refund after auction cancellation.

The Supreme Court partially allowed the appeal of the auction purchaser, who was deprived of the use of Rs.81,20,000 due to the cancellation of an auc...

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Supreme Court Upholds High Court Order: IDBI Bank's Cancellation of Auction Sale Declared Invalid. Appellant-Bank cannot withhold the sale certificate without proper justification; the auction purchaser's non-deposit of balance sale consideration not considered default.

The Supreme Court dismissed IDBI Bank's appeals, holding that the bank was unjustified in canceling the auction sale of a property in Bogaram village,...

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High Court Quashes Order Setting Aside Sale Certificate in Property Auction: Petitioner’s Knowledge of Borrower’s Death Unsubstantiated. Legal heirs’ objection to auction sale dismissed; no evidence of fraud or irregularity found in sale proceedings.

The Petitioner, a Co-operative Credit Society, challenged the order passed by the Divisional Joint Registrar, Kolhapur, which had set aside the Sale C...

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High Court Upholds Auction Sale Despite Alleged Regulation Breach Court Rules Against Assignee's Claims, Emphasizes the Importance of Timely Objections in Auction Proceedings

The Bombay High Court dismissed the writ petition filed by Invest Assets Securitisations & Reconstruction Pvt. Ltd., challenging the auction sale ...

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Supreme Court Upholds High Court's Decision on Auction Sale: Statutory Violations Render Sale Null and Void. Despite recognizing significant procedural breaches, the Supreme Court offers the appellant a chance to retain the industrial property by settling liabilities.

The legality of an auction sale conducted by the Tahsildar and confirmed by the Additional Collector, which was later contested on the grounds of stat...

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Restitution in Court Auction Sales: Upholding Justice Amidst Procedural Challenges Interpretation and Application of Section 144 CPC

Restitution of Judgment Debtors in Court Auction Sales: Interpretation and Application of Section 144 CPC The legal issue in this appeal revolves aro...

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Legal Analysis of the Classification of an Order Appointing a Special Auditor for a Cooperative Society under the Maharashtra Cooperative Societies Act, 1960. Exploring the Fine Line Between Administrative and Quasi-Judicial Orders in the Context of Cooperative Societies and Section 154 of the Act

Writ petition challenging an order granting a stay to another order appointing a Special Auditor for a cooperative society under the Maharashtra Coope...

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Supreme Court Upholds Setting Aside of Auction Sale Due to Non-Compliance by Bank. Failure to Follow Mandatory 30-Day Notice Under SARFAESI Rules Leads to Auction Sale Cancellation.

The Supreme Court upheld the setting aside of an auction sale due to the Bank's failure to follow the statutory requirement of a 30-day notice under R...

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Supreme Court Reiterates: Statutory Remedies Must Be Exhausted in SARFAESI Disputes. When alternative statutory remedies exist, courts should not entertain writ petitions under Article 226.

The Supreme Court dealt with the legality of a High Court's interference in an auction sale under the SARFAESI Act, despite the availability of an alt...