SC Quashes Illegal Property Auction, Orders Bank to Refund Innocent Buyer with 9% Interest

Delhi Development Authority Vs Corporation Bank & Ors. (Supreme Court of India) Auction Purchaser Innocent Victim: SC Orders Restitution, Cancels Mortgage & Sale- SC Slams Bank for Auctioning Property Without Title – Bank Directed to Refund with 9% Interest- SC Quashes Illegal Auction of DDA Plot – Doctrine of Restitution Applied – Auction Purchaser Protected, Bank Bears Liability The Supreme Court set aside an e-auction of DDA land, holding that the mortgage created in favour of Corporation Bank was void ab initio for want of prior consent of the Lieutenant Governor, as mandated...