I have purchased a property auctioned by the Indian Bank. One of the clauses of the tender form is that the property can be inspected before submission of tender. However, the Bank failed to show the property for examination until tenders opened. After the bid is won by me, I found that the house is in intensive damaged condition. About 50,000/- I incurred for repairs. More over, I have paid around 25,000/- towarads Municipal Tax, Electricity charges and Maintenance charges due to the Apartment Owners Association. Without clearing all the public charges and rent upto the date of sale, as per Section 55 of the Transfer of Property Act, Bank sold the property to me.
When I asked the Bank to repay the above amounts, it is saying that the auction is done on "as is where is and what is" basis.
I request you Sir, please help me in this regard. Whether I can seek legal recourse under any Act or rule? If any sort of remedy is there, please give me the details along with previous judgement references, if any to firstname.lastname@example.org