May 27, 20232 minDeclaring the accounts as NPA is unreasonable and in violation of RBI Circulars with statutory forceThe Calcutta High Court Single Bench of Justice Moushumi Bhattacharya was hearing a petition of the borrower against the action taken by...
May 27, 20233 minSale proceeds from the auction of secured assets cannot be used for Pre-deposit purposesThe Gujarat High Court Single Judge Bench comprising Justice Aniruddha P. Mayee was hearing a petition on SARFAESI Act and held that the...
May 26, 20232 minProvisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurdThe Bombay High Court (Goa Bench) comprising Justice Bharat P. Deshpande was hearing an Application on SARFAESI Act and held that the...
May 25, 20231 minDismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustifiedThe Division Bench of the Andhra Pradesh High Court comprising Justices A.V. Sesha Sai and Duppala Venkata Ramana was hearing a petition...
May 25, 20232 minIt is necessary to exhaust the statutory remedy at the DRT before filing a writ petition in the HCThe Division Bench of the Calcutta High Court comprising Chief Justice Prakash Shrivastava and Justice Rajarshi Bharadwaj was hearing an...
May 25, 20232 minGrant of unconditional interim injunction is improper and contrary to the legislative policy: Bom HCThe Division Bench of the Bombay High Court comprising Justices Nitin Jamdar and Abhay Ahuja was hearing a petition and held that the...