https://www.taxtmi.com/caselaws?id=298873 Pending execution proceedings were saved by the repealing-and-saving clause and continued under the earlier statutory regime, because "legal proceeding" was read in a wide sense and the new arbitration and execution scheme did not displace proceedings already pending. Challenge to the sale on alleged irregularity had to be pursued through the specific statutory remedy for setting aside the sale within the prescribed time and on proof of substantial injury; vague allegations of mala fides were insufficient. Remand was therefore refused, the auction sale was upheld, and the judgment under challenge was set aside with directions to refund the excess amount with interest to the borrower. en-us Tue, 06 Sep 2016 00:00:00 +0530 Thu, 25 Nov 2021 07:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298873 Pending execution proceedings were saved by the repealing-and-saving clause and continued under the earlier statutory regime, because "legal proceeding" was read in a wide sense and the new arbitration and execution scheme did not displace proceedings already pending. Challenge to the sale on alleged irregularity had to be pursued through the specific statutory remedy for setting aside the sale within the prescribed time and on proof of substantial injury; vague allegations of mala fides were insufficient. Remand was therefore refused, the auction sale was upheld, and the judgment under challenge was set aside with directions to refund the excess amount with interest to the borrower. Case-Laws Indian Laws Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298873