Case Law Analysis
|Rajasthan High Court
SARFAESI Act Section 13(8) | Auction Purchaser Loses Rights If 25% Bid Amount Not Deposited on Auction Date: Rajasthan HC
Rajasthan High Court holds that failure to deposit 25% of the bid amount on the auction date under SARFAESI Act extinguishes the auction purchaser's rights, even if amended Section 13(8) applies. The ruling underscores strict compliance with deposit timelines in secured asset auctions, impacting lenders, borrowers, and bidders.