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SUPREME COURT OF INDIA
Year of decision: 2017
Details
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Section 17-- Recovery of debt - Forfeiture of deposit made by auction purchaser - Action of secured creditor in forfeiting the deposit made by auction purchaser - It is a part of measures taken by secured creditor u/s 13(4) of SARFAESI Act, so as to attract the rigor of S.17 of SARFAESI Act - Auction purchaser..........

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