Supreme Court · 2025 INSC 585 · Decided 28 April 2025
GBJ Hotels Private Limited v. Sriharan Sripathmanathan & ORS.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 585 · [2025] 4 S.C.R. 2444
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 7301/2025
- Decided
- 28 April 2025
- Bench
- DIPANKAR DATTA, MANMOHAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act
Headnote
During the proceedings before the High Court, the Court accepted a better price for the creditor. The offer of the GRT Hotels was accepted by Edelweiss ARCL and it was agreed that the amount deposited of GBJ Hotels would be returned. Aggrieved, GBJ Hotels filed on the ground that sanctity of the auction under the SARFAESI Act has been breached in the process. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - Debt Recovery - Auction - Respondents no.1 and 2
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