TMI BlogAuction of assets by the Bank - sale certificate issued with encumbrances - The petitioner Bank filed...Auction of assets by the Bank - sale certificate issued with encumbrances - The petitioner Bank filed the present writ petition seeking a direction against the Sub-Registrar to register the sale certificate, but the sale certificate was issued by the Authorised Officer with known encumbrances. Thus, the sale certificate issued cannot be construed as free from encumbrances as contemplated under Rule 9 of the Security Interest Enforcement Rules - the sale certificate issued with encumbrances is no..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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