Debt Recovery Laws

Supreme Court Orders Ex-Gratia Payment Despite Bank’s Legal Victory in Loan Recovery Case

/ Anil R. Dave, Civil Law, Code of Civil Procedure, 1908, Code of Civil Procedure, 1908 with Section 65, Judges, L. Nageswara Rao, Loan Recovery, Property Auction

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. […]

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Supreme Court settles the law on necessary parties in mortgage redemption suits: Mohd. Hussain vs. Gopibai (2008)

/ A.K. Mathur, Hindu Succession Act, 1956, Hindu Succession Act, 1956 with Section 19, Judges, Mortgage Law, Property Law, Redemption of Mortgage, Tarun Chatterjee

Introduction Date of the Judgment: 19th February 2008 Citation: Appeal (civil) 912 of 1999 Judges: Tarun Chatterjee, J. and A.K. Mathur, J. When a person who has mortgaged their property wants to get it back, can they be stopped because not all family members of the person who lent the money are involved in the

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