Rule 9(5) SARFAESI Rules: Forfeiture of Auction Deposit is Mandatory Statutory Consequence, Not Penal; Sections 73 & 74 Contract Act Inapplicable: Karnataka High Court https://supremetoday.ai/doc/news/rule-9-5-sarfaesi-rules-forfeiture-of-auction-deposit-is-mandatory-statutory-consequence-not-penal-sections-73-74-contract-act-inapplicable-karnataka-high-court-INDKAR00000030087 #sarfaesi #bankinglaw #forfeiture