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Amount Claimed in the Demand Notice Under SARFAESI Act is relevant for determining the pre-deposit
The Debts Recovery Appellate Tribunal (DRAT), Allahabad Bench held that the amount claimed in the demand notice under section 13(2) of...
Jul 21, 20232 min read
If the SARFAESI Auction Sale is Not Confirmed, the Forfeiture of the Advance Amount is Not Valid
The Debts Recovery Appellate Tribunal (DRAT), Chennai Bench comprising Justice S. Ravikumar was hearing an appeal on SARFAESI Act and...
Jun 11, 20233 min read
High Court Prohibits Banks & FIs From Forcefully Seizing Vehicles Without Following Legal Procedures
The Patna High Court Single Judge Bench comprising Justice Rajeev Ranjan Prasad was hearing miscellaneous petitions and held that the...
Jun 6, 20233 min read
The auction purchaser is responsible for settling the electricity dues of the previous owner: All HC
The Division Bench of the Allahabad High Court comprising Justices Mrs. Sunita Agarwal and Vipin Chandra Dixit were hearing a Review...
Jun 6, 20232 min read
'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC
The Supreme Court Bench comprising CJI. Dr. Dhananjaya Y. Chandrachud and Justice Hima Kohli were hearing miscellaneous appeals...
Jun 3, 20234 min read
DRT Order Is Set Aside As No violation of Rule 8(6) & 9(1) Security Interest (E) Rules is discovered
The Debts Recovery Appellate Tribunal (DRAT), Kolkata Bench comprising Justice Anil Kumar Srivastava, Chairperson was hearing an appeal...
Jun 3, 20232 min read
Secured Creditor fails to produce evidence of compliance with Security Interest (E) Rules 8(6), 9(1)
Debts Recovery Appellate Tribunal (DRAT), Chennai Bench comprising Justice S. Ravi Kumar, Chairperson was hearing an appeal filed by the...
Jun 2, 20231 min read
SC Rules Auction Proceedings Conducted by Secured Creditor as Invalid and Orders For a Fresh Auction
The Supreme Court Bench comprising Justices Ajay Rastogi and Bela M. Trivedi was hearing an appeal and ruled in favour of the appellant,...
Jun 1, 20233 min read
SARFAESI Act: A Tenant under a registered lease, cannot be dispossessed by the Bank/Secured Creditor
The Division Bench of the Andhra Pradesh High Court comprising Justices U. Durga Prasad Rao and B.V.L.N. Chakravarthi was hearing a...
May 31, 20232 min read
Petitioner's challenge to the order passed under Section 14 of the SARFAESI Act is not maintainable
The Division Bench of the Allahabad High Court (Lucknow bench) comprising Justices Rajan Roy and Manish Kumar was hearing a petition and...
May 31, 20232 min read
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