Search Results for Tag : Auction Sale

News

CIVIL - Auction Sale can't be Held 3 Years After End of FY in which Recovery Certificate was Issued: Kerala H(22.02.2019)

Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....

Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal

CIVIL - Auction Sale can't be Held 3 Yrs After End of FY in which Recovery Certificate was Issued: Kerala HC(22.02.2019)

Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....

Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal

Allahabad HC: Recovery Officer to Cancel Auction Sale Where Dues Paid Before Auction Sale(24.02.2022)

Allahabad High Court has observed that in case Bank/financial institution is satisfied that its dues are paid before the auction sale is confirmed, th.....

Tags : Allahabad High Court, Auction Sale

Judgments

Highest Bidder has no vested right to have the public auction concluded in his favour(02.03.2022)

The instant appeal arises from the judgment and order passed by the Division Bench of the High Court setting aside the order passed by the Financial C.....

Tags : Auction sale, Confirmation, Validity

SC: Twin Condition of Fraud And Substantial Injury Has to be Satisfied to Set Aside Auction Sale(05.09.2022)

Supreme Court has held that twin conditions of material irregularity or fraud and substantial injury has to be satisfied before an auction sale can be.....

Tags : Supreme Court, Twin Condition, Auction Sale

Right of the borrower to redeem the secured asset stands extinguished, once the auction notice is published(21.09.2023)

Present appeals are at the instance of an auction purchaser left high and dry by the Respondents and is directed against the common judgment and order.....

Tags : Auction sale, Proceedings, Right

SC: Hazardous to Apply Princ. of Order XXI of CPC Where Illegal Auction Sale by State is in Question(11.07.2024)

SC has held that in cases where the legality of an auction sale conducted by the State is questioned on ground of mala fides, undue favour for extrane.....

Tags : Supreme Court, Illegal Auction Sale, Order XXI Rule 90

SC Auction Sale under Order XXI Rule 90 CPC Cannot Be Challenged on Pre-Proclamation Grounds(26.11.2025)

Supreme Court held that a judgment-debtor cannot challenge a completed auction sale at a belated stage, noting that under Order XXI Rule 96(3) CPC, ob.....

Tags : Auction Sale, Proclamation, Judgment-Debtor

SC: Confirmation of an Auction Sale Does Not Bar Judicial Scrutiny of Reserve Price Valuation(16.03.2026)

Supreme Court observed that the conclusion or confirmation of an auction sale does not bar courts from re-examining the valuation of the auctioned pro.....

Tags : Auction Sale, Judicial Scrutiny, Reserve Price

Supreme Court Cancels SARFAESI Auction Sale After 16 Years Due to a 5-Day Payment Delay(11.06.2026)

Supreme Court quashes 16-year-old SARFAESI auction sale, holding non-compliance with mandatory timelines under the Security Interest (Enforcement) Rul.....

Tags : Auction Sale; Payment; SARFAESI