Calcutta HC Upholds Auction Sale as Borrowers Failed to Challenge Sale Properly

Rajesh Kumar Gupta & Ors. Vs High Rank Estate Advisory Pvt. Ltd. & Anr (Calcutta High Court) The Calcutta High Court dismissed a civil revisional application challenging the order of the Debts Recovery Appellate Tribunal (DRAT), Kolkata, which had restored the order of the Recovery Officer in relation to the auction sale of a mortgaged property. The High Court upheld the DRAT’s finding that the application filed before the Recovery Officer for setting aside the sale was not legally maintainable. The dispute arose from recovery proceedings initiated after the petitioners, who were bor...