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Forfeiture of Earnest Money: Legal Insights in SARFAESI Proceedings
Introduction The recent Supreme Court judgment addressing appeals concerning the forfeiture of earnest money deposit by a Nationalized Bank in a property auction under the Securiti
SARFAESI Rule Affirmed by Supreme Court: Forfeiture of Entire 25 Percent Deposit on Auction Default
Introduction The Supreme Court of India has issued a crucial ruling stating that banks have the ability to forfeit the entire 25 percent earnest money deposited by an auction purch
