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We started a company, currently, it is 4 years old. To the run the company, for the initial capital investment purposes, we had taken a loan from SBI. The company was sold in 2 years of its inception, and the payments for the loan is done by current owners since last 2 years. And company went to NPA. Collaterals are still not replaced by Bank as past 2 years bank made sure it did not change their papers to new ownership and kept on keeping conditions.

As per the information you have given here, you have a very good case and you should win against SBI in DRT. SBI cannot overrule the stay and should not conduct the auction. You can also file a contempt of court case as well against SBI if they are doing so. The contempt cases are taken very seriously by courts and the bank will be in a serious troubl...


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