Karnataka High Court Allows Writ Appeal of Auction Purchaser in DRT Recovery Proceedings — Sale Confirmation Not Required for Issuance of Sale Certificate Under Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The court held that the Recovery Officer's refusal to issue sale certificate after full payment was unjustified as the sale was complete upon acceptance of bid and deposit of full amount.
6 Dec 2013The appellant, Sri Ramesh Meher, was a successful bidder in an auction conducted by the Recovery Officer, Debt Recovery Tribunal, Bangalore, for the s...




