Tag: SARFAESI Act

Supreme Court | Borrower Has To Pre-Deposit 50% Of The “Debt Due” In Appeal Under Section 18 Of The Sarfaesi Act Before DRAT

Wednesday February 15, 2023. BY Shradha Patil, Abdullah Qureshi and Riya Vasa. | Debt Recovery

The Hon’ble Supreme Court, comprising Justice M.R. Shah and Justice B.V. Nagarathna in M/s Sidha Neelkanth Paper Industries Pvt. Ltd. & Anr. V Prudent ARC Limited & Ors vide judgement dated 05.01.2023 observed that the

SARFAESI Act Prevails Over MSMED Act: Supreme Court

Wednesday January 11, 2023. BY Arjun Sathees and Abdullah Qureshi | Debt Recovery

The Supreme Court’s Division Bench comprising of Justice M.R. Shah and Justice Krishna Murari in Kotak Mahindra Bank Limited vs Girnar Corrugators Pvt. Ltd1, vide judgment dated 05.01.2023, held that Micro, Small and Medium Enterprises

RERA CAN ENTERTAIN COMPLAINTS FILED BY HOME BUYERS AGAINST BANKS

Friday February 18, 2022. BY | Real Estate

The Apex Court of the country reiterated in Union Bank of India vs Rajasthan Real Estate Regulatory Authority & Ors.1 that in case of conflict between the Real Estate (Regulation and Development) Act (“RERA Act”)

THE PRINCIPLE OF “AS IS WHERE IS” AND “AS IS WHAT IS BASIS” IN RELATION TO SECURED ASSETS PURCHASED IN PUBLIC AUCTION UNDER SARFAESI ACT,2002

THE PRINCIPLE OF “AS IS WHERE IS” AND “AS IS WHAT IS BASIS” IN RELATION TO SECURED ASSETS PURCHASED IN PUBLIC AUCTION UNDER SARFAESI ACT,2002

Saturday September 19, 2020. BY G. P. Yash Vardhan | Banking and Finance

INTRODUCTION As the Legal frame work and mechanism for curtailing and controlling mounting Non- Performing Assets (“NPA”) has become inadequate and outdated which resulted in tardy recovery of defaulting loans by the Financial Institutions arising

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