[SARFAESI Act] Allahabad High Court Imposes Rs 25 Lakh Cost on Petitioners for Suppression of Facts, Dismisses Challenge to Property Auction

In a scathing judgment, the Allahabad High Court (Lucknow Bench) has dismissed a writ petition filed by Sunita Nishad and her husband Om Prakash, challenging the auction and transfer of their house under SARFAESI proceedings. The Court not only rejected the challenge on merits but also imposed an exemplary cost of Rs 25 lakh on

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