Hi,
I am the highest bidder for a property auctioned by Andhra Bank and paid 25% EMD. I come across there are legal disputes with borrower hence I am not paid balance money and filed SA for refund of money. Brief judgement is OP Bank is not entitled to forfeit the amount deposited by bidder and has to be returned along with interest as may be applicable for a term deposit - if the applicant is ready and willing to purchase the property in the present situation he may be permitted to deposit balance amount of bid for getting sale certificate executed in his favour and he is put into possession pursuant to order of CMM provided right of redemption is not exercised by the mortgagor and the borrower.
Other tenant SA judgement Tenant hast not acquired any registered deed and cannot be termed as protected tenant under the provisions of state/central Act. The present application is dismissed with costs.
Borrower SA judgement The conducts of borrower demonstrates that they were never serious to repay the loan liability to save their asset. Thus the SA is devoid of merit and deserved to be dismissed as such SA160 of 2013 along with connected IAs are dismissed however without costs. Borrower filed case in High court to withhold auction before the auction process, it was also dismissed. Under these circumstances is there any chance to extend the litigations by Tenant or Borrower. I wanted to buy a peaceful property not any litigation. What are the time limits for going to appeal by Tenant or Borrower.
Please help me in this regard.
VS Raju 9885079984
