Jurisdiction of the DM u/s 14 SARFAESI Act is purely ministerial, not empowered to hear 3rd Parties
![](https://static.wixstatic.com/media/d515a3_5c652e849d8340a28faa1b47e6581ce4~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_5c652e849d8340a28faa1b47e6581ce4~mv2.webp)
![Jurisdiction of the DM u/s 14 SARFAESI Act is purely ministerial, not empowered to hear 3rd Parties](https://static.wixstatic.com/media/d515a3_5c652e849d8340a28faa1b47e6581ce4~mv2.jpg/v1/fill/w_209,h_183,fp_0.50_0.50,q_90,enc_auto/d515a3_5c652e849d8340a28faa1b47e6581ce4~mv2.webp)
![Live streaming for the first time in the Supreme Court, proceedings of SC to be streamed live today](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Aug 26, 2022
- 1 min
Live streaming for the first time in the Supreme Court, proceedings of SC to be streamed live today
![](https://static.wixstatic.com/media/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.webp)
![Supreme Court issues Guidelines to Courts and Tribunals for judgment writing and uploading its copy](https://static.wixstatic.com/media/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.webp)
- Aug 26, 2022
- 3 min
Supreme Court issues Guidelines to Courts and Tribunals for judgment writing and uploading its copy
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![Insolvency and Bankruptcy Board of India invites applications for engagement as Research Associates](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Aug 25, 2022
- 1 min
Insolvency and Bankruptcy Board of India invites applications for engagement as Research Associates
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Sale Proceeds ought to be distributed as provided under Sec. 53 of the Insolvency & Bankruptcy Code](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Aug 25, 2022
- 2 min
Sale Proceeds ought to be distributed as provided under Sec. 53 of the Insolvency & Bankruptcy Code
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![CIRP Application cannot be rejected by the AA, only on the ground that the Corporate Debtor is MSME](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Aug 23, 2022
- 1 min
CIRP Application cannot be rejected by the AA, only on the ground that the Corporate Debtor is MSME
![A complaint is not maintainable before the expiry of 15days from the receipt of notice by its drawer](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Aug 21, 2022
- 5 min
A complaint is not maintainable before the expiry of 15days from the receipt of notice by its drawer
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Rejection of Application u/s 9 IBC upheld, where CIRP initiated with ‘fraudulent & malicious' intent](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Aug 19, 2022
- 3 min
Rejection of Application u/s 9 IBC upheld, where CIRP initiated with ‘fraudulent & malicious' intent
![](https://static.wixstatic.com/media/d515a3_ecae13df52b04123ae48eccf5c48e8e3~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_ecae13df52b04123ae48eccf5c48e8e3~mv2.webp)
![IBBI jointly with the SBI & IBA organises One Day Workshop on "CoC: An Institution of Public Faith"](https://static.wixstatic.com/media/d515a3_ecae13df52b04123ae48eccf5c48e8e3~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_ecae13df52b04123ae48eccf5c48e8e3~mv2.webp)
- Aug 17, 2022
- 4 min
IBBI jointly with the SBI & IBA organises One Day Workshop on "CoC: An Institution of Public Faith"
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Even if there is a ‘debt’ and ‘default’, the AA can use its discretion in rejecting an Application](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Aug 16, 2022
- 4 min
Even if there is a ‘debt’ and ‘default’, the AA can use its discretion in rejecting an Application