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Recovery Officer of Bank cannot continue Auction Sale if dues are Paid before Sale
Case Law Details
- Case Name
- Dinesh Kumar Tiwari Vs Bank of Baroda (Allahabad High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Allahabad High Court
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Dinesh Kumar Tiwari Vs Bank of Baroda (Allahabad High Court)
In the present case, the borrower had paid the entire amount of Rs. 19,50,000=00 to the BOB before the sale was confirmed and, the BOB had issued ‘no dues certificate’ to the borrower and, filed an application before the Recovery Officer for cancelling the auction process, but the Recovery Officer had gone ahead to confirm the sale and rejected the application. The auction purchaser could claim refund of his money from the BOB with interest, but he did not have any right over the property before the sale was confirmed ina...
