May 15, 20232 minAny OTS Proposal which was submitted if it contains acknowledgement, the limitation will be extendedThe National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
May 14, 20234 minIf the bank refuses to extend credit facilities, the borrower has no option but to clear their duesThe Supreme Court bench comprising Justices Abhay S. Oka and Rajesh Bindal was hearing an appeal on Thursday and held that if the bank...
May 6, 20232 minCMM/ DM does not need to adjudicate any dispute between the borrower, secured creditor & 3rd partiesThe Bombay High Court bench comprising Justices Nitin Jamdar and Abhay Ahuja was recently hearing a Petition on the SARFAESI proceeding...
May 4, 20236 minAggrieved party has a remedy u/s 17 of the SARFAESI Act against any step taken by the Bank u/s 13(4)The Supreme Court bench comprising Justices M. R. Shah and C.T. Ravikumar was on Tuesday, hearing an appeal on the SARFAESI proceeding...
Apr 29, 20233 minWithout there being any demand to the Guarantor, the period of limitation cannot be commencedAs per clauses of the Deed of Guarantee, it is clear that although the Guarantor immediately become liable for any default committed by...
Apr 28, 20234 minThe jurisdiction of civil court is limited in respect of matters in which a DRT or DRAT is empoweredThe Supreme Court bench comprising Justices B.R. Gavai and Aravind Kumar was recently hearing an appeal on the SARFAESI Act proceeding...