Gopal Agrawal 22 June 2017
A co operative bank had taken possession of mortagaged property of borrower, i.e. a shop under sarfaesi act. The bank has called for auction and no body turned out for auction twice. Now the bank wants to purchase the said proerty for own purpose in the minimum set off price. Can the bank go ahead.
kavksatyanarayana (subregistrar/supdt.(retired)) 22 June 2017
a bank can purchase the auctioned property for the value fixed by DRT.
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