Auction Sale Stands: SC Confirms Appellant’s Title but Orders Additional Compensation

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 in 1999. In execu...