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Zoha Abdullah   25 May 2022

Can bank proceed in two parallel methods of auctioning

1. The bank has obtained orders under O.A. against the client. 
2. Bank applied for recovery certificate from DRT recovery officer & obtained.
3. The bank took the physical possession of property for auction by recovery officer. 
4. All of a sudden, bank advertised for auction under rule 8(6) although the client's stay petition is filed in DRT challenging fresh sarfeasi notice issued by bank. Appeal is pending in DRT court.
QUERY: Can bank proceed in two parallel methods of auctioning. One already applying for sale through DRC & also at the same time through SARFEASI under rule 8(6)?
Pls quote any highcourt or supreme court ruling in above query for our clarification and reference. Thanks


 1 Replies

anubhav Bhatt   25 May 2022

I have a Judgment passed by the Allahabad High Court herein I am counsil of the said case so when you feel free then contact us then I'll elaborate properly about your case.
Advocate Anurag Bhatt
Allahabad High Court
📱 9198889990

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