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Bank Liable to Refund Payment Accepted Towards Sale Consideration Without Enforceable Agreement: DRAT
The DRAT held that the bank was liable to refund the payment it had accepted as sale consideration in the absence of an enforceable...
Nov 22, 20242 min read


DRT’s Discretion Upheld: Simple Interest Granted for Post-OA Period in Recovery Certificate
The DRAT upheld the DRT's discretion in granting simple interest for the post-OA period in the Recovery Certificate. The Debts Recovery...
Nov 22, 20242 min read


District Magistrate's Role Under Section 14 of SARFAESI Act is Ministerial, Not Adjudicatory: Appeal Dismissed
The District Magistrate's role under Section 14 of the SARFAESI Act was deemed ministerial and not adjudicatory, leading to the dismissal...
Nov 21, 20243 min read


Supreme Court Upholds Auction Purchasers' Rights Under SARFAESI Act, Directs Timely Possession Transfer
The Supreme Court upheld the rights of auction purchasers under the SARFAESI Act and directed the timely transfer of possession. The...
Nov 21, 20242 min read


High Court Enforces Timely Action Under Section 14 of SARFAESI Act, Directs District Magistrate to Expedite Application Disposal
The High Court enforced timely action under Section 14 of the SARFAESI Act and directed the District Magistrate to expedite the disposal...
Nov 21, 20242 min read


Supreme Court Seeks Finance Ministry’s Response on Critical Vacancies in Debts Recovery Tribunals
The Supreme Court has issued a notice to the Ministry of Finance in response to a Public Interest Litigation (PIL) highlighting severe...
Nov 20, 20242 min read


DRAT Sets Aside DRT Order and Upholds Auction Sale Validity; Rules Procedural Adjustments Do Not Violate Statutory Notice Requirements
The DRAT set aside the DRT order and upheld the validity of the auction sale, ruling that procedural adjustments do not violate statutory...
Nov 19, 20243 min read


Finality of Recovery: DRAT Upholds Limited Scope of Attachment Orders and Creditor Entitlements Under the Recovery of Debts and Bankruptcy Act
DRAT upheld the limited scope of attachment orders, restricted creditor entitlements to the specified amount, and affirmed the principles...
Nov 18, 20243 min read


Unregistered Agreement for Sale Fails to Establish Ownership Rights in Recovery Proceedings under RDDB & FI Act, 1993
DRAT held that an unregistered agreement for sale failed to establish ownership rights in recovery proceedings under the RDDB & FI Act,...
Nov 17, 20242 min read


DRAT Quashes Auction Sale for Non-Compliance with Statutory Notice Requirements under SARFAESI Act
DRAT quashed the auction sale due to non-compliance with the statutory notice requirements under the SARFAESI Act. Debts Recovery...
Nov 16, 20242 min read
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