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Wednesday, October 17, 2012

Recovery of Public dues - principle of proportionality and best price

The financial institutions are not act as 'property dealers' and secured assets are not to be disposed of in an arbitrary manner. It has to be sold at best price and only that much of the property which is sufficient to meet the dues must be sold.
 
2012 (4) ALJ 653 - Ram Kishun v. State of UP

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