Raghavan (Died) v. Sivakumar
Case brief
What is this about?
The Madras High Court allowed a revision petition challenging a court auction sale. The Court held that the sale was vitiated by material irregularity due to incorrect upset price fixation and excessive execution. It set aside the First Appellate Court order, restored the Executing Court's sale setting aside order, and enhanced interest rates for the judgment debtor.
What did the court decide?
The order of the First Appellate Court was set aside, the Executing Court order setting aside the sale was restored, and interest on deposited amounts was enhanced from 5% to 6%.