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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
REMYA VINOD, VILASINI.C.N – Appellant
Versus
THE FEDERAL BANK LTD., THE AUTHORIZED OFFICER, ASEENA @ HASEENA, RASEENA.K – Respondent
| Table of Content |
|---|
| 1. the petitioners seek the return of a deposit made by the auction winner due to delays in related proceedings. (Para 1 , 2) |
| 2. the court noted the importance of timely resolutions in handling auction-related disputes. (Para 3) |
| 3. the role of the drt in adjudicating disputes arising from auction proceedings and purchaser rights. (Para 4) |
| 4. the court provided directives for the expeditious handling of the pending sa to ensure justice. (Para 6 , 7) |
JUDGMENT
(Dated this the 20th day of November 2025)
Petitioners are the legal heirs of one Vinod M A, who was the successful bidder in the e-auction conducted on 11.4.2018 in respect of the mortgaged property, towards a loan taken by respondent Nos.3 and 4 . The auction was confirmed in the name of Vinod for an amount of ₹36,02,000/-. Accordingly, 25% of the bid amount coming to ₹9,00,500/- was remitted, and the sale was confirmed. Thereafter, the balance 75% was sought to be remitted and respondent Nos.1 and 2 informed that against the sale, respondent Nos.3 and R4 have filed S.A.No.157 of 2018 before the DRT – 1, Ernakulam. Therefore, the balance 75% cannot be accepted and will have to wait till the outcome of the said S.A.
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