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Auction Sale Stands: SC Confirms Appellant’s Title but Orders Additional Compensation
Case Law Details
- Case Name
- R Raghu Vs G M Krishna & Anr. (Supreme Court of India)
- Appeal Number
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- Date of Judgement/Order
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- Courts
- Supreme Court of India
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R Raghu Vs G M Krishna & Anr. (Supreme Court of India)
Auction Sale Stands – Supreme Court Confirms Appellant’s Title but Orders Additional Compensation
The Supreme Court in has delivered an important ruling affirming the validity of an auction sale conducted more than two decades ago, while simultaneously imposing equitable conditions upon the auction purchaser.
The dispute originated when Hoysala Thermo Farmers Pvt. Ltd., managed by respondent G.M. Krishna, defaulted on its loan from Karnataka State Financial Corporation (KSFC). A decree for recovery was passed ...
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