Limitation act
Anonymous
(Querist) 13 January 2016
This query is : Resolved
wheather suit for recovery or for redemption of money mortgaged can be filed against the auction purchaser or bonafide purchaser after confirmation of sale and in posession?
If yes then what is the limitation?
The money in question was given to the owner of property which was given to auction purchaser in sale from bank and the purchaser was not aware about that mortgage and now what is the liability of auction purchaser over that money?
P. Venu
(Expert) 14 January 2016
Facts, as stated, lacks clarity.
Anonymous
(Querist) 14 January 2016
sale-1995
Confirmation of sale -1998
Suit for recovery-2010(11y10m)
After confirmation new thing come-1992 the property sold was mortgaged to the petitioner for 250000 Rs
And now auction purchaser being absolute owner after confirmation of sale and in possesion what is his liability over that money in which he has no role?
Rajendra K Goyal
(Expert) 14 January 2016
The query was asked by you with different language, please adopt previous thread for any further question.
http://www.lawyersclubindia.com/experts/Limitation-act-578376.asp#.Vpd_6_l97IU
http://www.lawyersclubindia.com/experts/Wheather-mortgage-can-be-redeemed-by-mothagee-from-auction-purchaser-after-confirmation-of-sale-578691.asp#.Vpd_6Pl97IU
