Subsequent property purchaser liable for Electricity dues of earlier owner: SC

Telangana State Southern Power Distribution Company Limited & Anr. Vs. Srigdhaa Beverages (Supreme Court)

1. M/s. SB Beverages, owner of a piece of land, failed to repay a loan to Syndicate Bank (creditor).

2. To this measure, on 25.05.2017 the Bank (secured creditor) brought the property to auction under the SARFAESI Act.

3. The land was sold on three prime conditions being;

1) The successful bidder shall bear all statutory dues.

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