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M/S.L.K.Trust vs Edc Ltd. & Ors on 10 May, 2011

"24. Applying the principles of law laid down by this Court in the above-quoted decisions this Court is of the opinion that no sale worth the name of the mortgaged property had taken place in favour of the appellant because there is no agreement of sale on the record of the case nor the facts indicate that the same was registered. Having regard to the decision of this Court mentioned above, it will have to be held that right to redeem the mortgage property which was available to the respondent No.3 had never extinguished at all and, therefore, the acceptance of proposal of the respondent No.3 by the 38 respondent No.1 to permit it to redeem the property dated April 8, 2008 cannot be said to be illegal in any manner."
Supreme Court of India Cites 18 - Cited by 19 - J M Panchal - Full Document
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