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Auction Property Buyer From Capri Global Capital Limited


29-Mar-2026 (In Civil Law)
In November 2025, I successfully won the bank auction for a property located at Gram Chhipawad, Harda, consisting of 8 Flats and 2 Godowns. I fulfilled my contractual obligations by depositing the full auction amount of Rs. 51,00,000/- (Fifty-One Lakhs) immediately. Despite receiving the full payment, the bank showed extreme negligence and caused an illegal delay of several months in issuing the Sale Certificate, which is a direct violation of auction guidelines and SARFAESI norms. Bank give me sale certificate on Feb. 5 This initial delay pushed the registration process significantly. Finally, when I file a complaint on RBI, the bank Registered the registry on 11 March When I approached the Authorized Officer (Satyendra) on 24th March 2026 to collect the keys following the registration, he did not flatly refuse but began using delay tactics, stating they are "arranging" for the handover.
Answers (3)

Answer #1
973 votes
I advise you that the conduct of the bank and its Authorized Officer is legally unjustified and amounts to deficiency in service and violation of their statutory obligations under the SARFAESI Act, 2002. Since you have already deposited the full auction amount and the Sale Certificate has been issued and registered, your ownership rights are complete, and the bank is bound to hand over vacant and peaceful possession without delay. The continued withholding of keys on vague grounds is arbitrary and amounts to wrongful retention. I advise you to immediately issue a legal notice demanding possession within a fixed time, failing which you may initiate proceedings before the Debt Recovery Tribunal under Section 17 of the SARFAESI Act seeking possession along with compensation and costs.
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Advocate Nishtha Pathak

Adv. Nishtha Pathak

LawRato Bhopal | 25+ Answers
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Answer #2
607 votes
you can file a complaint under SARFAESI act and also approach high court for instant relief in getting the handover of the auctioned property. you have to collect other documents such as share certificate and auction certificate for filling of the cases
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Advocate Suyash Prapanna

Adv. Suyash Prapanna

LawRatoIndore | 25+ Answers
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Answer #3
532 votes
you can send the legal notice to the bank for handling the vacant physical position to you. alternatively you can ask the bank to supply the order of district magistrate obtained by the bank under section 14 and also the reasons for delay in handling the vacant position of the property. Then file the writ petition before the high court seeking direction for the bank to provide you vacant physical possession .
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Advocate Shalini Chaudhari

Adv. Shalini Chaudhari

LawRatoJabalpur | 5+ Answers
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