DRAT Delhi issued a notice prescribing filing of a praecipe and affidavit confirming service for urgent hearing requests before DRAT Kolkata, ensuring procedural fairness and transparency.

Allahabad High Court held that tenancy created post-mortgage cannot defeat a bank’s rights under the SARFAESI Act, mandating delivery of possession to the secured creditor, with disputes triable only before the DRT.

NSIC signed MoUs with Axis Bank, IndusInd Bank, Karnataka Bank, AU Small Finance Bank, and Dhanlaxmi Bank on 11 August 2025 under its MSME Credit Facilitation Program. The collaboration is expected to expand financial inclusion, strengthen credit accessibility, and foster growth in the MSME sector.

The RBI announced a major reform in cheque settlement, introducing real-time clearance from October 4, 2025. The new system will reduce settlement to hours through a phased rollout, ensuring faster liquidity and modernizing India’s banking system.

The Bombay High Court held that, after the amalgamation of a non-banking financial company with a bank, the Debt Recovery Tribunal has exclusive jurisdiction over pending recovery suits, applying a purposive interpretation of Section 31 of the RDB Act.

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.

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.

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.

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.

REEDLAW Legal News Network | 1 August 2025 | 🔗 Find Shareable Link at the End REEDLAW Legal News Network  reports that the Ministry...