https://www.taxtmi.com/caselaws?id=314311 A mortgagee's power-of-sale auction was found void where the sale proclamation omitted material particulars such as the property's estimated value, reserve price, tax burden and rental income, and the description of the structure was shown to be false. The purchaser's knowledge of the true position and the fact that the property fetched only a fraction of its real value supported a finding that the defects were not mere irregularities but fraud and collusion. The sale was therefore not binding on the mortgagor, and the mortgagor was not confined to a damages claim against the mortgagee. A decree declaring the sale void and restraining further steps was justified. en-us Tue, 28 Apr 1992 00:00:00 +0530 Fri, 31 May 2024 12:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314311 A mortgagee's power-of-sale auction was found void where the sale proclamation omitted material particulars such as the property's estimated value, reserve price, tax burden and rental income, and the description of the structure was shown to be false. The purchaser's knowledge of the true position and the fact that the property fetched only a fraction of its real value supported a finding that the defects were not mere irregularities but fraud and collusion. The sale was therefore not binding on the mortgagor, and the mortgagor was not confined to a damages claim against the mortgagee. A decree declaring the sale void and restraining further steps was justified. Case-Laws Indian Laws Tue, 28 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314311