Supreme Court · 2015 INSC 782 · Decided 15 October 2015
B. S. Sheshagiri Setty & ORS. v. State of Karnataka& ORS.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 782 · [2015] 13 S.C.R. 1099
- Case number
- CIVIL APPEAL No. 8663/2015
- Decided
- 15 October 2015
- Bench
- T.S. THAKUR, V. GOPALA GOWDA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 21, 162; Limitation Act Section 29(2)
Headnote
Karnataka Co-operative Societies Act, 1959 - ss. 89 and 108 - Loan taken by appellants-farmers from Co- c Operative Bank - By mortgaging their agricultural property as security - Failure to repay the loan - Arbitration proceedings - Ex-parte award in favour of Bank directing recovery of loan mortgaged property - Auction sale of the property on 27.5.1981-ln the meantime, D Government notification notifying to waive off the interest amount on the loan taken by the borrowers, if they paid the principal amount by 30. 6. 1983 - Appellants paid the loan amount- Confirmation of the sale on
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