STATE BANK OF TRAVANCORE vs R.SOBHANA .

The Supreme Court addressed the dispute regarding the sale proceeds of a property mortgaged to the State Bank of Travancore. The Court held that once a sale certificate is issued under Section 65 of the Code of Civil Procedure, the bank becomes the absolute owner of the property, and the mortgagors lose their rights to claim any excess sale amount or rent accrued from the property. The Court upheld the High Court's decision that the respondents had no claim over the property after the title passed to the Bank in 1994, affirming the dismissal of their writ petition.