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SC: DRT cannot order for release of property merely on deposit of reserve price from borrower


Last updated: 28 June 2022

Court :
Supreme Court of India

Brief :
Hon'ble Supreme Court in its judgment dated 10/02/2022 clarified that banks cannot be restrained from selling the mortgaged property by holding public auction and realize the outstanding dues, unless the borrower pays entire amount outstanding along with the cost and expenses of auction.

Citation :
Civil Appeal no. 363 of 2022, decided on 10 February 2022

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