Whether Forfeiture of Earnest-Money Deposit Under Rule 9(5) of SARFAESI Rules Can Be Only to the Extent of Loss or Damages Incurred by the Bank? Supreme Court Answers
The Supreme Court on Friday answered an important issue that whether the forfeiture of the earnest-money deposit under Rule 9(5) of the SARFAESI Rules can be only to the extent of loss or damages incurred by the Bank. The bench of CJI. Dr. Dhananjaya Y. Chandrachud and Justices J.B. Pardiwala and Manoj Misra was dealing
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
