https://www.taxtmi.com/caselaws?id=339454 The court ruled in favor of the appellant, finding that the bank failed to disclose encumbrances and provide possession as required by the SARFAESI Act. The court held that the forfeiture of the deposit amount by the bank was unjustified, setting aside the writ court's order and directing the bank to refund the deposit amount with interest. The court allowed the writ appeal, emphasizing the bank's statutory obligations in auction processes. en-us Wed, 04 Jan 2017 00:00:00 +0530 Tue, 28 Feb 2017 11:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339454 The court ruled in favor of the appellant, finding that the bank failed to disclose encumbrances and provide possession as required by the SARFAESI Act. The court held that the forfeiture of the deposit amount by the bank was unjustified, setting aside the writ court's order and directing the bank to refund the deposit amount with interest. The court allowed the writ appeal, emphasizing the bank's statutory obligations in auction processes. Case-Laws Indian Laws Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339454