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RDB Act S.21: Complete Waiver of Pre-Deposit without sufficient reason must be quashed and set aside
The Division Bench of Bombay High Court comprising Justices Nitin Jamdar and Abhay Ahuja was hearing petitions filed by the the secured...
May 31, 20232 min read
High Courts Should Refrain From Interfering in Commercial Matters Governed by the SARFAESI Act: SC
The Supreme Court bench comprising Justices Sanjiv Khanna and M. M. Sundresh was hearing an appeal and held that the high courts should...
May 30, 20232 min read
Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues
The Division Bench of the Madras High Court comprising Justices D. Krishnakumar and R. Vijayakumar was hearing a petition and held that...
May 30, 20231 min read
Granting the benefit of One Time Settlement scheme should be left to the commercial wisdom of bank
Debts Recovery Appellate Tribunal (DRAT), Kolkata bench comprising Justice Anil Kumar Srivastava was hearing an appeal and held that...
May 29, 20231 min read
Plaintiff's Attempt to File a Civil Suit to Defeat the Proceeding under SARFAESI Act Not Permissible
The Punjab and Haryana High Court Single Judge Bench comprising Justice H.S. Madaan was hearing a Regular Second Appeal and held that...
May 28, 20231 min read
Appellant as a purchaser had the right to redeem the mortgage and retrieve title deeds from the bank
The Debts Recovery Appellate Tribunal (DRAT), Mumbai Bench comprising Justice Ashok Menon, Chairperson was hearing an appeal and held...
May 28, 20231 min read
Declaring the accounts as NPA is unreasonable and in violation of RBI Circulars with statutory force
The Calcutta High Court Single Bench of Justice Moushumi Bhattacharya was hearing a petition of the borrower against the action taken by...
May 27, 20232 min read
Sale proceeds from the auction of secured assets cannot be used for Pre-deposit purposes
The Gujarat High Court Single Judge Bench comprising Justice Aniruddha P. Mayee was hearing a petition on SARFAESI Act and held that the...
May 27, 20233 min read
Provisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurd
The Bombay High Court (Goa Bench) comprising Justice Bharat P. Deshpande was hearing an Application on SARFAESI Act and held that the...
May 26, 20232 min read
Dismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustified
The Division Bench of the Andhra Pradesh High Court comprising Justices A.V. Sesha Sai and Duppala Venkata Ramana was hearing a petition...
May 25, 20231 min read
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