C.N.PARAMSIVAN vs SUNRISE PLAZA TR.PARTNER .

The Supreme Court upheld the dismissal of the appellants' writ petition challenging the orders of the Debt Recovery Appellate Tribunal, which had confirmed an ex-parte decree in favor of the Indian Bank under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The Court emphasized that the appellants, as successful bidders in a public auction, had acquired rights to the mortgaged property despite the respondents' attempts to set aside the auction sale. The ruling clarified the legal standing of bidders in such auctions and reinforced the finality of the Debt Recovery Tribunal's orders when not contested appropriately by the judgment-debtors.