An amendment to a pending Section 95 application under the Insolvency and Bankruptcy Code permitting change of the date of default is legally permissi...

Section 35 of the SARFAESI Act does not override Article 371A of the Constitution, and in the absence of a valid security interest, any SARFAESI enfor...

A homebuyer’s claim, though filed belatedly after approval of the resolution plan by the Committee of Creditors, cannot be ignored where the allotment...

The forfeiture of amounts paid in a liquidation sale was held lawful where the purchaser, having sought and accepted extension of time granted by the ...

Where a secured creditor had created a prior mortgage over the secured asset, the State could not claim precedence on the basis of a subsequent revenu...

Under the SARFAESI Act, even after the 2016 amendment to Section 13(8), ownership of a secured asset transfers to an auction purchaser only upon compl...

Under the SARFAESI Act, the borrower’s right of redemption under Section 13(8) stands extinguished upon publication of the auction notice, and any pay...

During liquidation, delayed payment of auction consideration beyond the statutory timeline under Schedule-I attracts mandatory interest liability, and...

Once a borrower’s account remains continuously irregular for the prescribed ninety-day period, its classification as an NPA in accordance with RBI nor...