Supreme Court axes DDA Land auction, orders Bank to refund crores to innocent bidder.
The Supreme Court set aside the e-auction because it was conducted illegally. The Bank failed to disclose the DDA’s statutory claims, violating mandatory rules, and the auction purchaser was an innocent party who acted in good faith.
Court:
Supreme Court of India
Case:
Civil Appeal No. 11269 of 2016 (Delhi Development Authority vs. Corporation Bank & Ors.)
Date Of Judgement:
September 25, 2025
Act:
Recovery of Debts and Bankruptcy Act, 1993; Income Tax Act, 1961 (Schedules & Rules applied via the 1993 Act)