Sale of Mortgaged Property without fixing Fair & Accurate Value is laible to be Set Aside [Case Law]
Kerala State Co-operative (Agricultural and Rural Development Banks) Act, 1984 - Rules 8 (e) (iv) & 11 - Procedure in the sale of Mortgaged property / Gehan - Sale of immovable property to be proportionate to arrears due - Sale of the mortgaged property, without even fixing a fair and accurate value of that property - sale conducted in violation of the mandate.