Tenancy right entered into on basis of oral agreement is barred; directed to handover possession to bank

FEMA, Insurance & Banking: Where appellant-tenant sought for stay of execution of order passed under section 14 of SARFAESI Act for taking possession of property which was let out to appellant by respondent no. 2 borrower/landlord before mortgage deed was entered between borrower and bank, it was held that bona fides of tenant was highly doubtful, as there was no good or sufficient evidence to establish tenancy which was based on oral agreement and not supported by registered instrument and, the

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