The Hon'ble Supreme Court
in Sadashiv Prasad Singh Vs Harendar Singh & Ors has
observed that the rights of an auction-purchaser in the property purchased by
him cannot be extinguished except in cases where the said purchase can be
assailed on grounds of fraud or collusion.
Recently, the Hon'ble
Supreme Court in Subhransu
Sekhar Padhi Vs Gunamani Swain & Others has observed that sale of
property to an Auction Purchaser is to be set aside when property is sold /
auctioned in flagrant violation of rules prescribed, however, Auction Purchaser
is a victim of an illegal procedure, therefore, he is entitled to to refund of
amount together with 12% interest.
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