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Bombay HC: No NI Act Liability for Ex-Directors When Cheques Dishonoured During IBC Moratorium and Liquidation
The Bombay High Court held that no liability under the Negotiable Instruments Act can be imposed on former directors for dishonour of...
Jul 13, 20253 min read
High Court Upholds Bank’s First Charge Over Hypothecated Goods Despite Dealership Dispute and Ownership Claims by Supplier
The Delhi High Court upheld the bank’s first charge over hypothecated goods, rejecting the supplier’s ownership claims and...
Jul 12, 20253 min read
DRT Cannot Deny Joint Applications Under SARFAESI Act: High Court Affirms Tenants' Right to Collective Redressal
The Kerala High Court held that the Debts Recovery Tribunal cannot deny joint applications filed under the SARFAESI Act, affirming that...
Jul 11, 20253 min read
District Magistrate Can Re-Entertain Fresh Section 14 SARFAESI Plea When Possession Is Lost Due to Illegal Trespass: Allahabad High Court
Allahabad High Court held that the District Magistrate can re-entertain a fresh application under Section 14 of the SARFAESI Act when...
Jul 9, 20252 min read
SC Seeks Immediate Repossession of CJI Bungalow from Justice Chandrachud After Extended Stay Beyond Permissible Limit
Supreme Court asks Centre to reclaim official CJI residence from Justice D.Y. Chandrachud, citing overstay beyond permitted...
Jul 6, 20252 min read
RBI’s Deputy Governor Pushes for Real-Time Credit Reporting and Standardised Borrower IDs to Deepen Trust and Democratise Credit Access
RBI Deputy Governor M. Rajeshwar Rao urged Credit Information Companies to adopt real-time credit data reporting and implement...
Jul 4, 20252 min read
Guarantors of Sole Proprietorship Firms Cannot Invoke Interim Moratorium Under Section 96 to Stall SARFAESI Proceedings
The Madhya Pradesh High Court held that guarantors of sole proprietorship firms cannot invoke the interim moratorium under Section 96 of...
Jul 2, 20253 min read
High Court Rules Interim Moratorium Under IBC Inapplicable to Guarantors of Sole Proprietorship Firms
The High Court ruled that the interim moratorium under the Insolvency and Bankruptcy Code (IBC) is inapplicable to guarantors of sole...
Jul 1, 20253 min read
Bombay High Court: MSME Director Lacks Locus to Challenge Recovery; SARFAESI and IBC Actions Stand Despite Revival Framework Claims
The Bombay High Court held that the director of an MSME lacks the legal locus to challenge recovery actions and upheld the proceedings...
Jun 28, 20253 min read
Mandatory Pre-Deposit Upheld: DRAT Rejects Waiver Plea for Lack of Prima Facie Case and Financial Hardship
The DRAT upheld the requirement of mandatory pre-deposit under Section 18(1) of the SARFAESI Act, rejecting the appellants’ plea for...
Jun 19, 20253 min read
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