The Economic Times

Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land back

The Supreme Court backed the Madras High Court's decision to cancel a property auction for Mr. Rama's family. The bank tried to sell their properties over a defaulted loan, but legal fights and delays, including the buyers paying late, meant the sale was never finalized. Crucially, Mr.