Possession of Auctioned Property Directed After 11 Years, Pending Injunction Cannot Block SARFAESI Sale: Gauhati High Court
The case involves Pradip Mazumdar, Jyotsna Mazumdar and Tripti Mazumdar and The Industrial Cooperative Bank Ltd and others in W.P.(C)/634/2023 before the Gauhati High Court. The petitioners had bought a property at auction for Rs. 55 lakhs after the bank took action under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Although a Sale Certificate was issued on 20.02.2015, the petitioners said they never…
