Supreme Court Upholds Bank’s Sale of Mortgaged Property Under SARFAESI Act: Shakeena vs. Bank of India (2019) LEGAL ISSUE: Whether the sale of a secured asset under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is complete upon issuance of a sale certificate, or only upon registration […]
Supreme Court on Mortgage Redemption: Gowramma vs. Kalingappa (2019) Date of the Judgment: 08 February 2019 Citation: (2019) INSC 123 Judges: L. Nageswara Rao, J. and M. R. Shah, J. Can a mortgage be considered extinguished if the mortgagee receives the mortgage amount and possession is handed over, even without a formal endorsement on the
Supreme Court Upholds Sale Deed, Rejects Oral Gift Claim in Property Dispute: Jamila Begum vs. Shami Mohd. (2018) LEGAL ISSUE: Validity of a sale deed versus an oral gift in a property dispute. CASE TYPE: Civil Property Law. Case Name: Jamila Begum (D) Thr. Lrs. vs. Shami Mohd. (D) Thr. Lrs. & Another. [Judgment Date]:
LEGAL ISSUE: Whether the right to redeem a mortgaged property is extinguished after an auction sale and issuance of a sale certificate, even if the purchaser of the equity of redemption was not a party to the foreclosure suit. CASE TYPE: Civil (Mortgage Redemption) Case Name: Allokam Peddabbayya and another vs. Allahabad Bank and others
