https://www.taxtmi.com/caselaws?id=777994 Where sale proceeds of mortgaged property sold under the SARFAESI framework were lying in court pending a first appeal, withdrawal could be permitted if adequate restitution safeguards were in place. The court considered that retaining the funds in court served no practical benefit and allowed release of the deposited amount on protective terms. Those terms required a nationalised bank guarantee to remain alive until disposal of the appeal and a written undertaking, backed by board resolution, to repay the amount with interest if the appeal failed. en-us Tue, 26 Aug 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777994 Where sale proceeds of mortgaged property sold under the SARFAESI framework were lying in court pending a first appeal, withdrawal could be permitted if adequate restitution safeguards were in place. The court considered that retaining the funds in court served no practical benefit and allowed release of the deposited amount on protective terms. Those terms required a nationalised bank guarantee to remain alive until disposal of the appeal and a written undertaking, backed by board resolution, to repay the amount with interest if the appeal failed. Case-Laws Money Laundering Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777994