Auction Sale Set Aside for Outdated Property Valuation Before Sale: DART Allahabad

Mukesh Kumar Vs Authorized Officer-cum-Chief Manager (DART Allahabad) The appeal before the Debts Recovery Appellate Tribunal, Allahabad was filed under Section 18 of the SARFAESI Act, 2002 against the judgment and order dated 29 April 2019, by which the Debts Recovery Tribunal had dismissed S.A. No. 24 of 2019 filed by the appellant. The factual background shows that the appellant had availed financial assistance from the respondent bank. To secure the loan, an equitable mortgage was created over a residential plot by depositing the original title deed with the bank. The mortgage was created ...