Supreme Court · 2014 INSC 307 · Decided 22 April 2014
Vasu P. Shetty v. M/S Hotel Vandana Palace & ORS.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 307 · [2014] 9 S.C.R. 38
- Case number
- CIVIL APPEAL No. 4679/2014
- Decided
- 22 April 2014
- Bench
- S.S. NIJJAR, A.K. SIKRI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act
Headnote
F (2014] 9 S.C.R. 38 VASU P. SHETTY V. M/S HOTEL VANDANA PALACE & ORS. (Civil Appeal No. 4679 of 2014) ' APRIL 22, 2014 [SURINDER SINGH NIJJAR AND A.K. SIKRI, JJ.) Security Interest (Enforcement) Rules, 2002 - rr.8 & 9 - Default in rep~yment of loan by borrower - Auction sale of mortgaged purchaser as well as the Bank that the borrower by its conduct had waived said mandatory requirement of ttie Rules - Held: Not tenable - No case of waiver made out in the instant case - Two earlier failed auctions and one failed One time Settlement (OTS) proposal of the borrower does not lead
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