Asset Reconstruction Company (India) ... vs S.P. Velayutham

The Supreme Court ruled in favor of the Asset Reconstruction Company, overturning the High Court's decision that had declared the registration of a sale deed null and void. The court emphasized the validity of the mortgage created by the borrower as collateral for loans sanctioned by the Indian Bank. The judgment reinstated the rights of the Asset Reconstruction Company over the disputed property, affirming the legality of the loan assignment and the security interest.