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Authorized Officer, IDBI Bank Limited v. Sunita Devi and Others, REEDLAW 2026 DRAT Ald 01259
The DRAT Allahabad reaffirmed that borrower intention governs mortgage validity, holding that forged title deeds do not defeat a secured creditor’s first charge or SARFAESI enforcement rights.
Feb 21 min read
Validity of Mortgage Depends on Borrower’s Intention; Subsequent Sale Cannot Defeat Secured Creditor’s First Charge under SARFAESI Act
The DRAT Allahabad reaffirmed that borrower intention governs mortgage validity, holding that forged title deeds do not defeat a secured creditor’s first charge or SARFAESI enforcement rights.
Feb 23 min read
Angle Infrastructure Private Limited v. Directorate of Enforcement, REEDLAW 2025 Del 11579
The Delhi High Court restrained coercive attachment action by the Enforcement Directorate during CIRP without court permission, holding that such action may undermine the insolvency resolution process.
Feb 21 min read
ED Attachment During CIRP Requires Court Leave Where Action May Jeopardise Resolution Process
The Delhi High Court restrained coercive attachment action by the Enforcement Directorate during CIRP without court permission, holding that such action may undermine the insolvency resolution process.
Feb 23 min read
Kewal Krishan Sharma v. Navneet Gupta, Resolution Professional, REEDLAW 2025 NCLAT Del 11510
The NCLAT affirmed that financial default is triggered on expiry of contractual cure periods, and Section 10A protection does not cover defaults prior to 25 March 2020, upholding the NCLT’s CIRP admission.
Feb 21 min read
Default Occurs on Expiry of Contractual Cure Period; Section 10A Cannot Shield Pre-25 March 2020 Defaults
The NCLAT affirmed that financial default is triggered on expiry of contractual cure periods, and Section 10A protection does not cover defaults prior to 25 March 2020, upholding the NCLT’s CIRP admission.
Feb 24 min read
Viney Kumar Sharma v. Improvement Trust and Another, REEDLAW 2026 SC 01006
The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.
Feb 11 min read
Fraud Allegations in SARFAESI Proceedings Cannot Be Rejected on Technical Objections: Supreme Court
The Supreme Court ruled that allegations of fraud in SARFAESI possession proceedings require judicial examination and cannot be rejected at the threshold on procedural objections.
Feb 13 min read
Failure to Disclose All Known Encumbrances in Public Auction Vitiates Sale and Entitles Purchaser to Refund with Interest
The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.
Jan 314 min read
ED Attaches ₹1,885 Crore in Assets Linked to Anil Ambani Group in Ongoing Bank Fraud Probe
The Enforcement Directorate provisionally attached ₹1,885 crore in assets linked to Reliance Anil Ambani Group entities in ongoing bank fraud and fund diversion investigations, taking cumulative attachments close to ₹12,000 crore.
Jan 302 min read
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