Supreme Court · 2017 INSC 1146 · Decided 27 November 2017
Agarwal Tracom PVT. LTD. v. Punjab National Bank & ORS.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 1146 · [2017] 11 S.C.R. 164
- Case number
- CIVIL APPEAL No. 19847/2017
- Decided
- 27 November 2017
- Bench
- R.K. AGRAWAL, ABHAY MANOHAR SAPRE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 2261227; SARFAESI Act Section 17(1)
Headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - ss.17 and 13 (4) - C Auction purchaser challimging the action of the secured creditor in foifeiting the deposit -Appropriate remedy- Filing q( an application uls.17 before the DRT or - Held: Reading of s.17(2) and r. 9(5) clear(v show that an action of secured creditor in forfeiting the deposit made by the auction purchaser is a part of the measures taken by the secured creditor u!s. 13(4) - Auction D purchaser is one such person, who is aggrieved by the action of the
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