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

2016 Supreme(Mad) 285

R.SUBBIAH
P. Pandian – Appellant
Versus
Inspector General of Registration – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Mr. K. Rajasekaran
For the Respondents: Mr. P. Rajalakshmi, GA

ORDER :

This writ petition has been filed by the petitioner praying for issuance of a writ of Certiorarified Mandamus, to call for the records relating to the Impugned Notice dated 24.07.2015 issued by the 2nd respondent and to quash the same and consequently to direct the 2nd respondent to register and return the Sale Certificate issued by the State Bank of India, dated 06.05.2015.

2. The case of the petitioner is that the State Bank of India, Coimbatore, had issued a sale notice dated 10.02.2015 under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (in short SARFAESI Act), for selling the properties in auction which were charged to them by their borrowers. In the auction, the petitioner participated and tendered a sum of Rs.6,55,00,000/-, after complying with the payment of Earnest Money Deposit. The petitioner was declared as the successful bidder. The petitioner paid the balance sale consideration of Rs.6,48,45,000/- after deducting 1% TDS. On receipt of the complete sale consideration, the State Bank of India issued a Sale Cer

























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