Mortgaged Land Can Be Sold for Loan Repayment Default by Allottee: Karnataka High Court
In a landmark judgment, the Karnataka High Court has ruled that once the state government allows land granted under the Ashraya Scheme to be mortgaged for a loan, the bank cannot be prevented from selling the property to recover the loan in case of default, even if the grant contains a non-alienation clause for 25 years. This ruling clarifies the legal standing of such land grants when it comes to…
