Allowed
Prem Singh v. Himachal Pradesh Gramin Bank
DRTSA/265/2023
Case brief
AI extract
What is this about?
The single bench set aside an asset auction by Himachal Pradesh Gramin Bank for failure to personally serve the sale notice on the applicant. The court directed the bank to refund proceeds with interest and costs to the purchaser, and allowed the applicant's special appeal.
What did the court decide?
Auction set aside; bank to refund consideration with interest @ 6% p.a., pay stamp duty and charges to purchaser, cancel sale-deed, and be free to re-auction.