DELHI FINANCIAL CORPN. vs B B BEHEL

The Supreme Court upheld the order of the High Court of Punjab and Haryana which directed the respondent to pay Rs.9,02,300/- to the appellant, confirming the stay on the auction of mortgaged properties. The Court emphasized that the appellant's right to recover the loan under Section 31 of the Financial Corporations Act was valid, and the respondent's failure to comply with the loan agreement justified the recovery proceedings. The judgment clarified the applicability of Section 29 of the S.F.C. Act, affirming that the appellant could not proceed with recovery until the rights under Section 31 were exhausted.