The petitioner, Indian Overseas Bank, sought to quash an auction sale of a mortgaged parcel of land (Survey No. 43/1/B) conducted by the Tahsildar and Talati in April 2018 and to restore possession to the bank as a secured creditor. The bank had earlier issued SARFAESI notices and taken possession …
The petitioner, Indian Overseas Bank, sought to quash an auction sale of a mortgaged parcel of land (Survey No. 43/1/B) conducted by the Tahsildar and Talati in April 2018 and to restore possession to the bank as a secured creditor. The bank had earlier issued SARFAESI notices and taken possession …
The case concerned an auction of land owned by Prestige H.M. Polycontainers Ltd., which was mortgaged to a bank and later assigned to ARCIL. The Tahsildar conducted the auction without observing the mandatory 30‑day notice period and issued the sale certificate and possession to the appellant, …
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