M/S D. G. Oil Foods Pvt. Ltd. vs Indian Bank on 8 April, 2026
In one of the writ petitions, W.P.
No.25138/2021 (M/s Divyadeep Sugar and Industries Pvt. Ltd. and Others
Vs. India Bank and Others), this Court vide order dated 23.11.2021 has
Signature Not Verified
Signed by: SHRUTI JHA
Signing time: 08-04-
2026 18:04:02
NEUTRAL CITATION NO. 2026:MPHC-JBP:27326
2 WP-12124-2026
issued certain directions to be followed by the borrower as well as by the
Bank/Financial Institutions. He further submits that in addition to the
aforesaid directions, one more direction may kindly be issued because the bid
has been finalized and now, the purchaser as well as the Bank are required to
follow Rule 9(1) of the Security Interest (Enforcement Rules), 2002 under
the SARFAESI Act, 2002, in order to protect the interest of auction
purchaser also.