SC: DRT cannot order for release of property merely on deposit of reserve price from borrower
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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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 426
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