Violation of the Rule 9(3) of security interest enforcement 2002 by Indian Overseas bank ARM Branch Rajendra Place in e-auction of property in Shalimar Bagh
5 years ago
In e-auction for property at Shalimar Bagh, Delhi held on 15/5/18 Indian Overseas bank had deviated/violated the Rule 9(3) of security interest enforcement rules 2002. As per Rule 9(3) bidder has to pay 25% immediately on the day of auction or maxmium by next working day. But, in this case auction was held on 15/5/18 and successful bidder paid 10% earnest money on 14/5/18 and had not paid any amount on the day of auction i. e. 15/5/18 as well as on next working day the 16/5/18. Bidder had paid 15% on 17/5/18 to make the 25% of bid amount. This information was obtained from bank under RTI. I hv no connection with auction property. But after collecting information under RTI, I hv been advised to challenge this high court. Any advocate who understand the matter and think this violation is challengable in Delhi High Court and agree to file case with minimal fee,
Shreyash Mohta
Responded 5 years ago
Please contact vidhikarya regarding the same.
Hope this helped.
Shreyash Mohta
You have to challenge either in High Court or in Debt Recovery Tribunal as the case may be, by getting
local advocate.
For full procedure contact me on mobile through Vidhikarya.
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Please visit the following link.
https://vidhikarya.com/LawyerRating/9506c43f5d0b2d266a07
Thanks for this piece of information.
Since I am located out of Delhi it will not be cost effective on my part.
In any case you come across such type of irregularities just let me know I am willing to do it
at Orissa High Court at reasonable cost.
Coming to my telephone , get it through Vidhikarya.com as I am unable to give you because of MOU with them.
Shanti Ranjan Behera
Advocate
Rameshwar Dadhe
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