M. Rajendran vs KPK Oils And Protiens India Pvt. Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2025 Supreme(SC) 1723

J. B. PARDIWALA, R. MAHADEVAN
M. Rajendran – Appellant
Versus
KPK Oils And Protiens India Pvt. Ltd. – Respondent

Advocates appeared:
For the Petitioner(s): Mr. K. S. Mahadevan, Adv. Ms. Swati Bansal, Adv. Mr. R. Rangarajan, Adv. Mr. Aravind Gopinathan, Adv. Mr. Rajesh Kumar, AOR Ms. Praveena Gautam, AOR Mr. Vijay Balu S B, Adv. Mr. Pawan Shukla, Adv. Ms. Tissy Annie Thomas, Adv. Mr. Rohan Bansla, Adv.
For the Respondent(s): Mr. S. Gowthaman, AOR Mr. S. Thananjayan, AOR Mr. K. S. Mahadevan, Adv. Ms. Swati Bansal, Adv. Mr. R. Rangarajan, Adv. Mr. Aravind Gopinathan, Adv. Mr. Rajesh Kumar, AOR Ms. Praveena Gautam, AOR Mr. Vijay Balu S B, Adv. Mr. Pawan Shukla, Adv. Ms. Tissy Annie Thomas, Adv. Mr. Rohan Bansla, Adv.

Judgement Key Points

The legal position is that once the sale is confirmed and a sale certificate is issued, the auction purchaser acquires vested rights protected by law. The bank cannot unilaterally cancel or revoke the auction after confirmation and issuance of the sale certificate without a valid legal basis and following due process (!) (!) . Any cancellation at this stage would be impermissible unless justified by exceptional legal grounds, as the process and finality of the auction are integral to the purchaser’s rights (!) .

Table of Content
1. factual background of the case. (Para 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25)
2. judgment of the high court regarding redemption rights. (Para 26 , 29 , 30 , 31)
3. arguments presented by both parties. (Para 33 , 34 , 35 , 36)
4. interpretation of section 13(8) of sarfaesi act. (Para 54 , 60 , 101 , 110)
5. final order and directions of the court. (Para 202 , 203)