This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
SC upholds validity of e-auction sale conducted by bank
Case Law Details
- Case Name
- Varimadugu OBI Reddy Vs B. Sreenivasulu & Ors. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Varimadugu OBI Reddy Vs B. Sreenivasulu & Ors. (Supreme Court of India)
Supreme Court of India has overturned a High Court ruling that had set aside an e-auction sale conducted by a bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The case, Varimadugu OBI Reddy Vs. B. Sreenivasulu & Ors., involved a dispute arising from loan defaults and subsequent recovery proceedings. The respondent borrowers had taken multiple loans from the bank, secured by an equitable mortgage on an immovable prope...
Author Info
