Today’s Legal Enlightenment (Friday, June 24, 2022) – “SALES OF SECURITY GOODS”
Security goods can only be sold through auction. The Bank is not entitled to sell the land that is pledged to the Bank without the permission of the owner. The transfer of land rights based on an absolute power of attorney is null and void.
Supreme Court Decision No. 1400 K/Pdt/2001 dated January 2, 2003
Regards,
Fredrik J. Pinakunary