Recently eauction of flat by bank in my neighbour took place. On suspicion I file RTI and in reply bank informed that 10% of EMD received on 14/5/2018 and 15% to make payment of 25% received on 17/5/2018. Whereas eauction of flat held on 15/5/2018 btn 1100 am to 0100 pm and payment on 17/5/2018 is not as per sub rule 3 of Rule 9 of Security Interest (Enforcement) Rules 2002. Can u guide me is this fraud by bank perhaps in connivance with purchaser instead forfeited the EMD bank took 25% after two days on 17/5/2018? Whether this violation of can b challanged in court
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