Supreme Court Orders Refund of Forfeited Amount in Auction Dispute: Mohd. Shariq vs. Punjab National Bank (2023)

/ Ajay Rastogi, Auction Law, Bela M. Trivedi, Judges, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 with Rule 9(5)

Supreme Court Orders Refund of Forfeited Amount in Auction Dispute: Mohd. Shariq vs. Punjab National Bank (2023) LEGAL ISSUE: Whether a bank can forfeit the earnest money of a successful bidder when the bidder was not informed about pending legal proceedings related to the auctioned property. CASE TYPE: Securitisation and Reconstruction of Financial Assets and […]

Supreme Court Orders Refund of Forfeited Amount in Auction Dispute: Mohd. Shariq vs. Punjab National Bank (2023) Read Post »