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2017 (5) TMI 1701 - HC - Indian LawsRecovery of unpaid loan amount - bank account has been declared as a non-performing assets - SARFAESI Act - HELD THAT:- Considering the fact that the property is to be auctioned on 08.05.2017, it is directed that for a period of one month, i.e. till 02.06.2017 the auction proceedings shall be kept in abeyance so that the petitioner may avail his remedy, provided the petitioner deposits the amount with the Bank towards advertisement cost/charges, already undergone for this auction on May 8, 2017, within seven days from today. It is further made clear that the petitioner shall approach the Manager of the concerned Bank/Branch within a period of three days from today, who shall provide the details as to the expenses incurred by the Bank for the advertisement, which shall be paid by the petitioner, failing which the auction shall go on. Petition disposed off.
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