Supreme Court of India
Maharaji Educational Trust v. Housing & Urban Development Corporation Ltd. & Ors.
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From the headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: s. 13(2) - Appellant-Educational Trust took loan of Rs. 75 crores from respondent No. 1 (HUDCO) - Properties Nos. 1 to 6 mortgaged - Recovery proceedings by HUDCO under 1993 Act - 21 acres out of the mortgaged property No. 6 was exchanged by the Trust with Awas Parishad - Thereafter agreement to sell property No. 6 comprising of 63.45 acres (including the 21 acres obtained in exchange) by the Trust with a construction company - Part payment (Rs. 9 crores) obtained from the constniction
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