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NPA – Supreme Court order in  (Small Scale Industrial Manufactures Association v. Union of India (UOI) & Ors., (Writ Petition No.476/2020 , decided vide order dated 23.03.2021) – Bank’s contention that in Section 13(2) notice issued on 27.04.2021 for the first time, the loan account was declared as NPA on 30.11.2020 but such a declaration has not been issued during the subsistence of the order of the Supreme Court – There is no violation of the order of the Supreme Court.

Rent – Fair rent – Provisional tent – Refund  – Rent Controller can direct a refund if it finally finds amount found deposited to be in excess.

NPA - Supreme Court order in  (Small Scale Industrial Manufactures Association v. Union of India (UOI) & Ors., (Writ Petition No.476/2020 , decided vide order dated 23.03.2021)  - Plea that petitioners’...

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Auction – Interim stay by High Court – Confirmation of sale after 5 years – Corporation failed in its duty in not taking into account the lapse of five years from the date of auction while handing over the possession of the property to the Auction Purchaser – The value of the property has undoubtedly increased during the said period –  Auction Purchaser liable to pay interest at the rate of 12% per annum on bid amount for the period from 2013 to 2018.

pieces of paper with words

Financial and Debt Laws – Auction – Bid accepted in 2013 – Confirmation stayed by the High Court in the laonee-borrowers writ -  Ultimately, property was handed over to the...

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Bank – Loan – Mortgage – “oral assent” – Bank says there is “oral assent” for such extension, to get over the difficulty of not having any registered document evidencing extension –  Any internal record of the Bank recording oral assent for such extension for enhancement of the Loan limits does not bind the petitioners being a unilateral document to which they did not subscribe their signatures

Insurance policy – Non communication of special terms  of policy – Repudiation set aside

Bank – Loan – Mortgage - “oral assent” - Bank says there is “oral assent” for such extension, to get over the difficulty of not having any registered document evidencing...

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