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Borrower’s Subsequent Death Does Not Mandate Fresh Notice to Legal Heirs Under SARFAESI If Section 13(2) Notice Served in Lifetime: High Court
J&K&L High Court clarifies that once a valid SARFAESI Section 13(2) notice is served during the borrower’s lifetime, no fresh notice is required to legal heirs before taking possession under Section 14.
Aug 113 min read
Director Lacks Locus Post-Liquidation; MSME Framework Cannot Override SARFAESI and IBC: Bombay High Court
The Bombay High Court ruled that a director of a company under liquidation has no legal standing to challenge recovery actions, and clarified that MSME revival schemes cannot override statutory frameworks under SARFAESI and the IBC.
Aug 64 min read
DRAT: DRT Cannot Dismiss Entire Securitisation Application if Challenge to Sale Notices is Within Limitation
DRAT Kolkata clarified that a Securitisation Application cannot be wholly dismissed if timely challenges to SARFAESI sale notices exist, even if some notices are time-barred.
Aug 53 min read
Legal Heirs of Deceased Guarantor Must Comply with Section 21 Pre-Deposit to Challenge DRT Recovery Proceedings: Delhi High Court
The Delhi High Court ruled that legal heirs of a deceased guarantor must mandatorily make the Section 21 pre-deposit under the RDB Act before appealing DRT recovery orders, even if they weren’t parties to the original case.
Aug 43 min read
Ministry of Finance Invites Applications for Chairperson, DRAT Delhi: Eligibility, Tenure, and Selection Guidelines Notified
REEDLAW Legal News Network | 1 August 2025 | 🔗 Find Shareable Link at the End REEDLAW Legal News Network  reports that the Ministry...
Aug 12 min read
Stamp Duty Not Payable on Auction Sale Certificate Merely Filed Under Section 89(4) of Registration Act, Holds Kerala High Court
REEDLAW Legal News Network | 1 August 2025 | Case Citation - REEDLAW 2025 Ker 07227 REEDLAW Legal News Network  reports that the...
Aug 13 min read
DRAT Upholds SARFAESI Action as Unregistered Documents like Agreement to Sell, Will, GPA Cannot Override Prior Registered Mortgage
REEDLAW Legal News Network | 31 July 2025 | Case Citation - REEDLAW 2025 DRAT Del 07225 REEDLAW Legal News Network  reports that the...
Jul 313 min read
Supreme Court Holds Acknowledgement of Partial Debt Doesn’t Extend Limitation for Entire Claim
The Supreme Court held that acknowledgement of a partial debt does not extend the period of limitation for the entire claim under Section...
Jul 283 min read
Only a Person with Legal Interest—Borrower, Mortgagor, Guarantor, or Protected Tenant—Can Challenge SARFAESI Action Under Article 226
The High Court ruled that only a person with a legal interest—such as a borrower, mortgagor, guarantor, or protected tenant—can challenge...
Jul 232 min read
Unregistered Tenancy Claim Fails to Block Secured Creditor’s Possession under SARFAESI: Supreme Court
The Supreme Court held that an unregistered tenancy claim could not defeat the secured creditor’s right to take possession of the...
Jul 173 min read
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