New Delhi, June 10 (IANS) The Supreme Court has set aside the auction sale of a mortgaged property conducted by Indian Bank in 2010, holding that the sale was vitiated due to non-compliance with mandatory provisions of the Security Interest (Enforcement) Rules, 2002, and granted the legal heir of the deceased guarantor a one-time opportunity to redeem the property. A Bench of Justices Dipankar Datta and AG Masih allowed in part an appeal filed by M.R. Vasumathi, daughter of deceased guarantor G….
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