Supreme Court to Examine Interest Rate Parity for Auction Purchasers’ Deposit Returns [Read Judgement]

Supreme Court to Examine - Supreme Court - Auction Purchasers' Deposit Returns - Deposit Returns - Purchasers' Deposit Returns - Purchasers' Deposit - TAXSCAN

The Supreme Court, with Justices Sajiv Khanna and S.V.N. Bhatti presiding, is set to address whether the interest rate on funds returned to the highest bidder in a bank-conducted auction should match the rate charged to borrowers. The petitioner, the highest bidder in a bank-orchestrated auction under the SARFAESI Act, faced hurdles in obtaining possession…

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