Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
SARFAESI | Auction Sale Can Be Cancelled Only If Purchaser Defaults In Payment Of Balance Amount : Supreme Court
BankingOther Legal Matters
The Supreme Court ruled that an auction under SARFAESI is open to cancellation only if the purchaser defaults in payment of the balance amount. This decision highlights the conditions under which auction sales can be annulled, ensuring clarity in enforcement actions under SARFAESI.
