Auction purchaser was to be relieved from auction process as property wasn’t free from encumbrance

FEMA, BANKING amp; INSURANCE : SLP dismissed against impugned order of High Court holding that since property purchased by auction purchaser was not free from all encumbrances and Gujarat State Sales Tax Department had overriding charge on property, auction purchaser was to be relieved from auction process and part payment made by it for purchase of said property was to be refunded

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