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Hc Slams Bank For Auctioning Property Without Clear Title, Orders Refund To Bidder, ET RealEstate

Published: August 14, 2023

Allowing a petition filed by M/s Paramount Constructions, Justice M Nagaprasanna directed Punjab National Bank (PNB) to pay Rs 30,69,08,217 to the petitioner as the purchase price of the scheduled property, along with interest at the bank’s lending rate and incidental charges.

Source: indiatimes.com

Karnataka HC Asks PNB to Refund Rs30.7 Crore to Bidder for Auctioning Property without Clear Title

Published: August 14, 2023

Coming down heavily on Punjab National Bank (PNB) for auctioning a property without a clear title, the Karnataka high court (HC) directed the lender to refund the entire Rs30.7 crore with interest to the successful bidder of the property.

Source: moneylife.in