Supreme Court · 2023 INSC 17 · Decided 5 January 2023
K. Sreedhar v. M/S Raus Constructions PVT. LTD & ORS.
- Court
- Supreme Court of India
- Citation
- 2023 INSC 17 · [2023] 1 S.C.R. 579
- Case number
- CIVIL APPEAL No. 7402/2022
- Decided
- 5 January 2023
- Bench
- M.R. SHAH, M.M. SUNDRESH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226, 227; SARFAESI Act Section 31(i)
Headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : s. 31(i) - Provisions of the Act not to apply to security interest created in agricultural land - Respondent No. 1-debtor availed credit facilities from the Bank and owing to default Bank issued possession notice of the properties and e-auction held - Challenged to - One of the property purchased by the appellant-auction purchaser - DRT confirmed the sale in favour of the appellant - In writ petition, the High Court set aside the e-auction and
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