Salil R. Uchil vs Vishu Kumar
Judges (2)
Parties (2)
Case Significance
Salil R. Uchil vs Vishu Kumar is a Supreme Court of India decision dated October 18, 2024 (citation: insc-2024-793). The appellant was the highest bidder at a cooperative bank auction sale of property for Rs.81,20,000, but the sale was set aside by the HC and a meager 5% compensation was awarded. The Supreme Court partly allowed the appeal, modifying the compensation to 6% simple interest per annum on Rs.81,20,000 from the date of deposit until refund, directing the cooperative bank to pay as it had conducted the auction. The bench comprised Justices Abhay S. Oka and Ujjal Bhuyan. The judgment was delivered by Justice Abhay S. Oka.
Summary
The appellant was the highest bidder at a cooperative bank auction sale of property for Rs.81,20,000, but the sale was set aside by the HC and a meager 5% compensation was awarded. The Supreme Court partly allowed the appeal, modifying the compensation to 6% simple interest per annum on Rs.81,20,000 from the date of deposit until refund, directing the cooperative bank to pay as it had conducted the auction.
What was the outcome of Salil R. Uchil vs Vishu Kumar?
The appellant was the highest bidder at a cooperative bank auction sale of property for Rs.81,20,000, but the sale was set aside by the HC and a meager 5% compensation was awarded. The Supreme Court p...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-793)