Jul 21, 20232 minAmount Claimed in the Demand Notice Under SARFAESI Act is relevant for determining the pre-depositThe Debts Recovery Appellate Tribunal (DRAT), Allahabad Bench held that the amount claimed in the demand notice under section 13(2) of...
Jun 11, 20233 minIf the SARFAESI Auction Sale is Not Confirmed, the Forfeiture of the Advance Amount is Not ValidThe Debts Recovery Appellate Tribunal (DRAT), Chennai Bench comprising Justice S. Ravikumar was hearing an appeal on SARFAESI Act and...
Jun 6, 20233 minHigh Court Prohibits Banks & FIs From Forcefully Seizing Vehicles Without Following Legal ProceduresThe Patna High Court Single Judge Bench comprising Justice Rajeev Ranjan Prasad was hearing miscellaneous petitions and held that the...
Jun 6, 20232 minThe auction purchaser is responsible for settling the electricity dues of the previous owner: All HCThe Division Bench of the Allahabad High Court comprising Justices Mrs. Sunita Agarwal and Vipin Chandra Dixit were hearing a Review...
Jun 3, 20234 min'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SCThe Supreme Court Bench comprising CJI. Dr. Dhananjaya Y. Chandrachud and Justice Hima Kohli were hearing miscellaneous appeals...
Jun 3, 20232 minDRT Order Is Set Aside As No violation of Rule 8(6) & 9(1) Security Interest (E) Rules is discoveredThe Debts Recovery Appellate Tribunal (DRAT), Kolkata Bench comprising Justice Anil Kumar Srivastava, Chairperson was hearing an appeal...