SARFAESI--Auction Sale

Dispute of Ownership--Before initiation of proceedings under S.14, the mortgaged property by way of registered GPA and Will changed many hands--DRT in view of dispute as to ownership set aside the auction sale--Since no registered sale deed was executed by original owner thus ownership has not changed--Sale in favour of auction purchaser upheld

Sale of Immovable Property--Change of Ownership--Registration of the sale deed for an immovable property is essential to complete and validate the transfer--Until registration is effected, ownership is not transferred

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