The Supreme Court of India has reaffirmed the sanctity of public auctions, holding that they cannot be set aside lightly unless tainted by fraud, collusion, or grave irregularities. The bench comprising Justice B.V. Nagarathna and Justice Nongmeikapam Kotiswar Singh delivered the ruling in Sanjay Sharma vs. Kotak Mahindra Bank Ltd. (Civil Appeal No. ___/2024), resolving
A Sale by Way of Public Auction Cannot Be Set Aside Lightly, Except on Grounds of Fraud or Collusion: Supreme Court
