Auction proceeding vitiated as rule 9(3) and 9(4) of Security Interest (Enforcement) Rules violated

Classic Chemicals Limited Vs Debts Recovery Appellate Tribunal At Kolkata (Telangana High Court)

Telangana High Court held that the whole auction proceedings are rightly vitiated since auction was done blatantly in violation of Rule 9(3) and Rule 9(4) of the Security Interest (Enforcement) Rules, 2002. Accordingly, writ dismissed.

Facts- This Writ Petition is filed by the auction purchaser (M/S Classic Chemicals Limited) in the nature of Writ of Certiorari for setting aside the impugned order, dated 10.01.2C25 passed by the

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