A Single Bench of the High Court of Gujarat in Patel Piyushkumar Ranchhodbhai v. Bank of Baroda [[2018] 91 taxmann.com 8 (Gujarat)] observed that where on borrowers failure to repay loan, impugned public notice for sale of the mortgaged property was issued, such impugned demand notice was to be quashed, as petitioners, who were bona fide purchasers of mortgaged property, were not aware about any such mortgaged deed.

March 12th, 2018