Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land back
The Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell their assets due to a loan default, but legal battles and late payments from potential buyers stalled the process, preventing the sale from ever being…
The Economic Times ·