Supreme Court Orders Ex-Gratia Payment Despite Bank’s Legal Victory in Loan Recovery Case
LEGAL ISSUE: Whether a bank, having legally acquired a property through auction for loan recovery, is obligated to share the surplus from the property’s subsequent sale with the original borrower, especially when the borrower faces extreme financial distress and health issues. CASE TYPE: Civil Appeal. Case Name: State Bank of Travancore & Ors. vs. R. […]