Dear Advocates,
please give me reference cases where mortgaged property auctioned (under SARFASI Act) at reserve price much lower than the amount disbursed as loan 6 years back. The auction took place after 6 years of nonpayment of EMI. The loan disbursed was 10lacs initially and property auctioned (after 6 years) at 5.75 Lacs.
Bank is now behind me to pay the remaining amount to settle the due. Pl give me case references as this is a clear game of the banks to swindle money. I gave away the property as i was not able to meet both ends and now further equal to the loan amount has been asked to pay and received DRT notice. Pl help with positive case records in this grounds
