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2021 Supreme(Ker) 1146

MURALI PURUSHOTHAMAN
District Registrar (General) – Appellant
Versus
Farzana Khatoon @ Farzana Parvez D/O. Sekh Roshan – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Sri.Jafar Khan
For the Respondent: Sri.Retheesh N.A, Presun S., Adv.

ORDER :

Respondents 1, 2 and 4 in W.P. (C) No. 530 of 2021 have filed this Review Petition to review the interim order dated 16.04.2021 passed by this Court in the writ petition. The writ petition was filed by the auction purchaser of a property against the refusal of the Sub Registrar, Ernakulam to register Ext.P8 sale certificate.

2. The property covered by Ext.P8 sale certificate was mortgaged by the prior owner with M/s ING Vysya Bank Ltd., who had availed a loan from the said bank. Later, on 12.12.2014, the said loan facility along with the mortgaged property was taken over by M/s IndusInd Bank Ltd. Thereafter, the IndusInd Bank Ltd. assigned the said secured asset to the 3rd respondent, an asset reconstruction company and when the loan account became NPA, the said company took possession of the secured assets under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, for short) and put the property for sale in e-auction in exercise of the powers under Section 13 of the said Act. The writ petitioner participated in the e-auction held on 20.07.2020 and was the successful bidder and was issued wit

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