Action of Bank in proceeding with the sale under SARFAESI while suppressing the order of settlement with the borrower for the same properties, without disclosing the relevant information to the auction purchaser and continuing to accept money from the auction purchaser is an instance of outright mala fides – Subha Raksha Kali Rice Mills Pvt. Ltd & Anr. Vs. UCO Bank & Anr. – Calcutta High Court

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