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2025 Supreme(Online)(Ker) 59031

IN THE HIGH COURT OF KERALA AT ERNAKULAM
MR. NITIN JAMDAR, CJ, MR. S. MANU, J
M/S. EVERSPACE REALTY LLP. – Appellant
Versus
M/S. VASU COCO RESORTS PVT. LTD. – Respondent


Advocates:
For the Appellants/Petitioners: SRI. P.L. NARAYAN (SENIOR), SRI. K.I. SAGEER
For the Respondents: SMT. V. MOHANA (SENIOR), SRI. KARTHIK SUNDAR PANDEY, SRI. PRAVEEN K. JOY, SRI. J. OM PRAKASH (SENIOR), SRI. TOM K. THOMAS

Table of Content
1. background of the case and parties involved. (Para 1 , 2 , 3)
2. default in loan repayment and the consequent legal actions. (Para 4 , 5)
3. history of proceedings and judgments prior to the current appeal. (Para 6 , 8 , 10)
4. arguments presented by the parties regarding the drt's decision. (Para 7 , 9)
5. contentions regarding the scope of writ jurisdiction and appeal processes. (Para 11 , 12)
6. need for reasoned judgments in appellate reviews. (Para 13 , 14)
7. identification of key legal issues by the single judge. (Para 15 , 16)
8. collusion, fraud, and procedural errors in auction. (Para 17 , 19)
9. analysis of auction process and its implications. (Para 18 , 20)
10. legal standings on advertised terms of sale and rights of the borrower. (Para 21 , 22)
11. clarifying legal misconceptions and application of auction rules. (Para 23 , 24)
12. ruling on the definition of movable and immovable properties. (Para 25 , 26)
13. separate valves for movable/immovable properties in auctions. (Para 27 , 28)
14. verification of proper valuation and public interest. (Para 29 , 30)
15. analysis of pragmatic sales outcomes for the parties. (Para 31 , 32)
16. duties of the bank within the

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