BENGALURU: The Karnataka high court has ruled that banks will have to put off all auctions, as part of its recovery proceedings, until the government's lockdown regulations are revoked.

The interim ex-parte order was passed after an aggrieved party filed a petition in the high court saying that banks have been initiating auctions at a time when the entire country is under a lockdown.

In its order, passed on Tuesday, the court said it “is of the opinion that the proposed auctions require to be averted till the restrictions imposed under the Government Order are revoked." Under current guidelines, banks are only allowed to provide basic facilities to citizens.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Covid-19 lockdown: Karnataka HC restricts banks from conducting auctions

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