SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2021 Supreme(AP) 43

A.V.SESHA SAI, K.SURESH REDDY
State Bank of India – Appellant
Versus
State of Andhra Pradesh – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: G.L.V. Ramana Murthy.

ORDER:

1. Since the cause of action for these two Writ Petitions is the same, this Court deems it appropriate to dispose of these two cases by way of this common order.

2. M/s. ABC Engineering Works, respondent No. 9 in Writ Petition No. 20988 of 2019, availed credit facilities from State Bank of India, respondent No. 1 in the said Writ Petition. In view of the default committed by the said company in payment of the loan amount, the Bank invoked the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (‘SARFAESI Act’) and conducted sale of the following properties, by way of e-auction on 14.06.2017 and 16.06.2017:

    (i) Ac. 0.13 cents out of Ac. 0.56 cents with two storied R.C.C. building (D. No. 9-264) in R.S. No. 2197 of Kanur village, Penamalur mandal, Krishna district.

(ii) Ac. 0.13 cents out of Ac. 0.56 cents with two storied R.C.C. building (D. No. 9-264) in R.S. No. 2197 of Kanur village, Penamalur mandal, Krishna district.

(iii) Ac. 0.50 ½ cents with one storied R.C.C. building and A.C. sheet roof shed, in R.S. No. 239/7 (D. No. 8-181) of Kanur village, Penamalur mandal, Krishna district.

In the said auctions, one

          Click Here to Read the rest of this document
          1
          2
          3
          4
          5
          6
          7
          8
          9
          10
          11
          SupremeToday Portrait Ad
          supreme today icon
          logo-black

          An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

          Please visit our Training & Support
          Center or Contact Us for assistance

          qr

          Scan Me!

          India’s Legal research and Law Firm App, Download now!

          For Daily Legal Updates, Join us on :

          whatsapp-icon telegram-icon
          whatsapp-icon Back to top