Case Law Analysis
|Madhya Pradesh High Court
SARFAESI Act | Bank Liable for Refund with 6% Interest After DRT Stalemate Blocks Sale Certificate: MP HC Indore
MP High Court holds banks accountable for auction deposits when sale certificates are delayed due to DRT inaction, ordering a full refund with 6% interest. The ruling reinforces auction purchaser rights under the SARFAESI Act and sets a precedent for bank liability in procedural failures.