The Debts Recovery Appellate Tribunal Chennai bench of Justice G. Chandrasekharan (Chairperson) has held that a sale arising from a collusive suit, where the bank was not a party to the proceedings, does not bind the bank or the auction purchaser of the property under SARFAESI proceedings. Facts In 1991, the 2nd Respondent Bank sanctioned loans to one Mr. Raju. Ms. D. Ratchaka,...