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High Court of Karnataka Dismisses Auction Purchaser's Writ Petition Challenging Rejection of Interest Claim on Fixed Deposit in Execution Proceedings. Court holds that interest on fixed deposit cannot be claimed under Section 151 CPC without specific provision in the decree or order.

The petitioner, Sri S.R. Venkatesh Babu, was the auction purchaser of a portion of the subject property in Execution Petition No.2420/2002 pending bef...

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High Court of Karnataka Allows Canara Bank's Appeal Against Refund Order in SARFAESI Auction Dispute — Bank Not Obliged to Refund 25% Deposit When Auction Purchaser Defaults on Balance Payment.

The appellant, Canara Bank, conducted an e-auction on 29 November 2021 of a property under the Securitisation and Reconstruction of Financial Assets a...

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Bombay High Court Quashes Cheating Charge Against Auction Purchaser for Failure to Pay Balance Amount. Non-payment of auction amount does not constitute cheating under Section 420 IPC when the purchaser expressed inability and requested cancellation.

The applicant, Ayub Ahmed Sayyed, was the highest bidder in an auction conducted by the Collector, Ahmednagar for a sand strip in river bed Mula at Ma...

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High Court of Bombay Considers Auction Purchaser's Writ Petition for Physical Possession Under SARFAESI Act. Petition Filed by Auction Purchasers Seeking to Enforce Registered Sale Certificate and Section 14 Order Despite Borrower's Pending Appeal Against DRT Order.

The writ petition was filed by auction purchasers who had purchased a secured asset in an e-auction conducted by respondent No.2 bank under the SARFAE...