Bank should declare encumbrances attached to property to the bidders before its auction: JK HC

S. K. Bakshi Vs Punjab National Bank (Jammu and Kashmir High Court) Conclusion: The Hon’ble J&K High Court held that, the Bank could auction the property even with encumbrances attached to property but it was incumbent upon the Bank to disclose the encumbrances and litigations on the same or tenancy, if any, attached to the property to all the persons who wanted to participate in the same and to the successful bidder. Facts: In present facts of the case, the petitioner sought issuancThe Hon’ble J&K High Court held that, the Bank could auction the property even with encumbrances att...