Sarfaesi Rules R. 8(6),  R. 9 (1) – Auction set aside.

Security interest (Enforcement) Rules 2002, Rule 8(6),  Rule 9 (1) – Violation of rules  – auction – Set aside – Refund  –  Auction set aside on petition of the debtor/loanee  –  Amount deposited by the auction purchaser with the Bank be refunded with interest rate @7% per annum from the respective dates of deposit till date of refund – Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), S. 13(8).

PLRonline 486551

LogIn / Subscribe to read Full Notes and judgment