Branch Manager, Federal Bank Ltd. v. K.S.Firos
Case brief
What is this about?
The High Court held that the limitation period for delivery of possession by a purchaser at an execution sale starts from the date of confirmation of the sale, not the auction date. Consequently, the dismissal of the execution application filed within one year of confirmation was erroneous and set aside, with a direction for settlement attempts.
What did the court decide?
The impugned order dismissing E.A. No. 148/2005 is set aside and the execution application for delivery is allowed.