Disposed
M/S Super India & Anr. v. State Bank of India
DRATREGULAR APPEAL/57/2017
Case brief
AI extract
What is this about?
Hearing two appeals regarding disposition of auction proceeds after debt clearance. Court directed release of balance funds to respondent bank and ordered recovery of any shortfall from the borrower or calculation of penalties for the auction purchaser.
What did the court decide?
Registry directed to release ₹ 54,00,000 and accrued interest to Respondent Bank; Appellant to pay penalties/interest loss to auction purchaser.; Surplus to borrower, shortfall by borrower.