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Abdul Nabeel   09 December 2017

SARFEASI ACT

My doubt is... If an auction is made by the bank to recovery debt, and after that if the aggrieved person have got another good deal on the property that already auctioned, is there any option to revert the title back to him ?

or do he have further options to choose the new deal ?


Learning

 1 Replies

KISHAN DUTT KALASKAR (Advocate)     10 December 2017

NORMALLY THERE IS NO OPTION BUT IF THE AUCTION PURCHASE COMMITS ANY BREACH OF CONDITIONS THEN CAUSE OF ACTION ARISE IN YOUR FAVOR. IF YOU ARE IN BANGALORE THEN PLEASE BRING ALL THE DETAILS TO MY OFFICE. 

 

I AM A RETIRED JUDGE AND I AM A HEAD NOTER THAT MEANS I HAVE PREPARED HEAD NOTES FOR JUDGMENTS OF 1000'S OF CASES OF VARIOUS HIGH COURTS AND SUPREME COURT. I AM PRESENTLY HEAD NOTER FOR www.scconline.com. WITH MY VAST EXPERIENCE I SAY AS FOLLOWS:

IT NEEDS GUIDANCE OF LOCAL LAWYERS, IF YOU NEED MY SERVICES THEN PLEASE SEND ALL THE RELEVANT DOCUMENTS SCANNED TO MY E-MAIL ID kalaskarnetra@gmail.com    IF YOU ARE FROM BENGALURU OR KARNATAKA THEN PLEASE CONTACT ME IN PERSON.

Please Click LIKE button so that I can send final opinion after seeing relevant judgments. I AM RESIDING IN MALLESWARAM, BENGALORE I need some more time to read your case in depth. This is my  preliminary opinion only. Send documents for verification and further suggestions.  am residing at No.74, First Floor, 6th Cross, Malleswaram, Bengaluru.

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