Supreme Court · 2022 INSC 191 · Decided 16 February 2022
Deenadayal Nagari Sahakari Bank LTD. & Another v. Munjaji and Others
- Court
- Supreme Court of India
- Citation
- 2022 INSC 191 · [2022] 8 S.C.R. 948
- Case number
- CIVIL APPEAL No. 818/2022
- Decided
- 16 February 2022
- Bench
- M.R. SHAH, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Maharashtra Co-operative Societies Act, 1960: s.154 - Auction - Respondent no.1-borrower borrowed loan from two banks and as a security mortgaged four properties - Default in payment - Both the banks initiated separate Appellant- bank published proclamation in the daily newspaper and thereafter, tendered a notice to sell the mortgaged properties - Appellant- auction purchaser was found to be the highest bidder - Sale certificate was issued in favour of the auction purchaser on 17.01.2011 and the
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