Auction Sale Set Aside by DRT Due to Default by the Bank: Supreme Court Enhances Rate of Interest to be Paid by the Bank Along with Refund Amount to the Successful Auction Purchaser | Tenants/Appellants being Successful Bidders Reverted to the Status of Tenants and Protected from Being Dispossessed by the Bank
Apr 26, 2024
Relevant Facts: In the recent case of Govind Kumar Sharma & Anr. versus Bank of Baroda & Ors., the undisputed facts were that the Appellants were tenants in the mortgaged premises which had been put up for auction by the Respondent Bank under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest […]