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Arpit (NA)     28 August 2014

Bought auctioned property

Hi,

Party A had mortgaged their property against a loan from Govt body.

When unable to pay the loan, the Govt body attached the property & asked the DM Lucknow to sell it.

I bought the property auctioned by the DM.

Paid the money as per the laws & in time.

After some time Party deposited the funds directly to Govt. body & sold the property to a third party.

Kindly suggest.

If this is would happen then there's no point of auction, anyone can anyday come & pay their dues irrespective of the due date.



Learning

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