DRT Case Return of Amount to Auction Purchaser
In DRT cases, if an auction sale is set aside due to irregularities, legal flaws, or bank default, the auction purchaser is entitled to a full refund of the deposited amount, often with interest (typically 12-15% p.a. or fixed deposit rates). Purchasers can approach the DRT under Section 17 of the SARFAESI Act to claim … Read more
