Dasari Krishna Reddy v. L.I.C.Housing Finance Limited
Case brief
What is this about?
The Telangana High Court held that a sale deed executed after an auction sale and sale certificate issuance under the SARFAESI Act is illegal and a nullity. The court directed the auctioneer to cancel the fraudulent sale deed, register the certificate in favor of the successful bidder, and hand over possession.
What did the court decide?
Cancellation of registered sale deed No. 3693/2020, registration of sale certificate in petitioner's name, hand-over of possession within 30 days, and lodging of criminal complaint against fraudsters.