Utkal Grameen Bank v. Satyabrata Panda
Case brief
What is this about?
The Debts Recovery Appellate Tribunal at Kolkata directed the concerned DRT to verify if a valuation report was filed before conducting the sale, as it was not filed in the main case. It also directed the auction purchaser's counsel to submit an authorization letter.
What did the court decide?
Directed DRT to report on existence of valuation report; ordered auction purchaser's counsel to file authorization letter.