Supreme Court · 2019 INSC 922 · Decided 20 August 2019
Shakeena & ANR. v. Bank of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 922 · [2019] 11 S.C.R. 341
- Case number
- CIVIL APPEAL No. 8097/2009
- Decided
- 20 August 2019
- Bench
- A.M. KHANWILKAR, AJAY RASTOGI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: ss. 13(2), 13(4) - Right of redemption - Loan taken by appellants from respondent Bank - In view of default in discharging the loan by appellants, respondent Bank exercised its property - Appellant filed applications before DRT which, however, were dismissed for non-prosecution - Thereafter, respondent bank brought secured property for sale - Respondent no. 3 was the highest bidder and he deposited 25% of sale consideration - On 2.1.2006,
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