Supreme Court · 2023 INSC 14 · Decided 5 January 2023
Sidha Neelkanth Paper Industries PVT. LTD. & Anr v. Prudent Arc LTD. & Others
- Court
- Supreme Court of India
- Citation
- 2023 INSC 14 · [2023] 1 S.C.R. 553
- Case number
- CIVIL APPEAL No. 8969/2022
- Decided
- 5 January 2023
- Bench
- M.R. SHAH, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act Section 2(ha), 18, 17, 13(2), 13(4)
Headnote
1 S.C.R. 553 553 SIDHA NEELKANTH PAPER INDUSTRIES PVT. LTD. & ANR v. PRUDENT ARC LTD. & OTHERS (Civil Appeal No. 8969 of 2022) JANUARY 05, 2023 [M. R. SHAH AND B. V. NAGRATHNA JJ.] Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: s.18 of - Auction sale - Amount already been recovered/realised by the secured creditor by selling the mortgaged property through an auction- While calculating the amount of "debt due", the amount deposited by the auction purchaser on purchase of the secured assets,
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