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Karnataka HC Stays Auction of Properties by Banks During 21-Day Lock Down Period - (31 Mar 2020)

BANKING

Karnataka High Court has stayed for three weeks the process of auction and e-auction of mortgaged properties, during the 21-day lock-down period, observing that any activity by any of the departments beyond the exceptions provided under the Government Order including the holding of auctions by Banks would constitute a violation of the order and entail prosecution.

Tags : KARNATAKA HIGH COURT   AUCTION OF PROPERTIES BY BANKS  

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