Delay in Payment of 75% of the Sale Amount Would Not Be an Illegality When the Borrower Has Sought Time for Repayment and Failed: Allahabad HC

The Allahabad HC on Tuesday stated that a delay in payment of 75% of the sale amount would not be an illegality when the borrower has sought time for repayment and failed.  The bench of Justice Saurabh Shyam Shamshery was dealing with the petition challenging the order passed by Debt Recovery Appellate Tribunal, Allahabad whereby

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