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DRT Allows Auctions Of Properties Mortgaged To The Lender, Even If The Same Was Purportedly Sold By Borrower To Third Parties.

DRT Allows Auctions Of Properties Mortgaged To The Lender, Even If The Same Was Purportedly Sold By Borrower To Third Parties.

The Debt Recovery Tribunal, Bench – II, Mumbai allowed Axis Finance Limited (AFL) to continue with the sale of flats ("Subject Flat") in favour of prospective buyers. Background Mr. Rajen...

28 Sep 2022 2:09 PM GMT
Lenders Beware, the Property is Leased

Lenders Beware, the Property is Leased

The Supreme Court has given a very important judgement last week where the Court considered the validity of leases created on mortgaged property. The Court has examined whether the provisions of the...

10 April 2014 11:32 AM GMT