Latest Breaking News On - Anks forfeiture earnest deposit - Page 1 : comparemela.com

In a significant verdict, the Supreme Court held that the entire earnest money deposited by an auction purchaser would be forfeited as per Rule 9(5) of the Security Interest (Enforcement) Rules, 2002.

Tamil naduManoj misraSupreme courtHigh courtMadras high courtSecurity interestChief justiceIndian contract actAuthorized officer state bankIndian contractAnks forfeiture earnest depositAuction purchaser