Subsequent Property Buyer Cannot Defeat Prior Mortgage Rights of Bank: DRT Delhi

Vanshika Singh & Anr Vs Punjab & Sind Bank (DRT Delhi) The securitisation application was filed under Section 17(1) of the SARFAESI Act, 2002 challenging the measures initiated by the respondent bank in respect of a property located at D-362, D-Block, Upper Second Floor, Gali No. 13 & 14, Laxmi Nagar, Delhi. The applicants sought a declaration that the actions of the bank were illegal and arbitrary and requested that the proceedings be quashed. According to the applicants, they had purchased the flat measuring approximately 43 square yards on 1 January 2016 through a registered sal...