Finality of Auction Sales Does Not Shield Process from Judicial Scrutiny of Asset Valuation: Supreme Court

The Supreme Court of India has held that the principle of finality attached to court-confirmed auction sales cannot be used to shield the recovery process from judicial examination when questions regarding the adequacy of property valuation or the fixation of reserve prices are raised. A Bench comprising Justice J.B. Pardiwala and Justice R. Mahadevan dismissed

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