securitisation act

Querist : Anonymous (Querist) 05 September 2010 This query is : Resolved
DRT decreed 2009 Rs.18lakhs with further interest @6%pa Now the claim ofthe bank Rs. 27lakhs within a year. Principal amount Rs. 11.60lakhs. Is it posible? Bank not giving account copy and going to auctioned secured asset. DRAT stayed not to confirm auction. But bank going to confirm auction. Is it valid when stayed?
Contempt of court applicable tobank?

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Devajyoti Barman (Expert) 05 September 2010
No. File a contempt petition before the DRT. The acts of the Bank will anyway be set aside.

s.subramanian (Expert) 05 September 2010
It is nothing but absolute contempt of court. The auction held in disobedience or violation of the order of DRT will be totally void ab initio . You seek direction from Drt for the account extract from the bank.you are legally entitled to it.

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