P.G. Shaji vs Ambika & Anr

The Supreme Court set aside the High Court's order regarding the auction sale of 2 cents of land, emphasizing that the sale price must reflect the true market value as contended by the judgment debtor. The Court held that the executing Court failed to consider the valuation objections raised, which undermined the auction process. Consequently, the Court directed that the auction sale be set aside unless the auction purchaser agrees to the terms specified for setting aside the sale, including the payment of the bid amount with interest.