Supreme Court of India
P. M. Abubakar v. State of Karnataka and Ors.
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What the Court ordered
Accordingly, we allow the appeals preferred by the auction purchaser (P.M.Abubakar) being Civil Appeals arising out of SLP(Civil) 127 c Nos. 30130-30131/2012 and SLP(Civil) Nos. 33314-33315/2012 in the · G above terms.
Judgment, page 25
From the headnote
Auction: Karnataka Cooperative Societies Act, 1959 - ss.89A, 106 - Auction sale of mortgage property - Debtor committed default in repayment of loan to Bank, recovery proceedings were initiated by the Bank - Award passed for the recovery of money - Debtor failed to pay the awarded amount in spite of repeated opportunities - Mortgaged property auctioned - Appellant was the highest bidder - Competent authority confirmed auciion sale in favour of appellant - Sale certificate issued to appellant - Debtor preferred appeal before the Deputy Registrar (CS) uls. 106 - Deputy Registrar (CS) held that
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