Sale proceeds from the auction of secured assets cannot be used for Pre-deposit purposes
![](https://static.wixstatic.com/media/d515a3_6b94aecb91104f74a7a5b01e77365a28~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_6b94aecb91104f74a7a5b01e77365a28~mv2.webp)
![Sale proceeds from the auction of secured assets cannot be used for Pre-deposit purposes](https://static.wixstatic.com/media/d515a3_6b94aecb91104f74a7a5b01e77365a28~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_6b94aecb91104f74a7a5b01e77365a28~mv2.webp)
![](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)
![Provisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurd](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)
- May 26, 2023
- 2 min
Provisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurd
![](https://static.wixstatic.com/media/d515a3_be122e9cc8fe4d619ab830eaff9bba30~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_be122e9cc8fe4d619ab830eaff9bba30~mv2.webp)
![Dismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustified](https://static.wixstatic.com/media/d515a3_be122e9cc8fe4d619ab830eaff9bba30~mv2.jpg/v1/fill/w_209,h_180,fp_0.50_0.50,q_90,enc_auto/d515a3_be122e9cc8fe4d619ab830eaff9bba30~mv2.webp)
- May 25, 2023
- 1 min
Dismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustified
![](https://static.wixstatic.com/media/d515a3_b79ee9cc47c64a6787159b8f94b7afbb~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_b79ee9cc47c64a6787159b8f94b7afbb~mv2.webp)
![It is necessary to exhaust the statutory remedy at the DRT before filing a writ petition in the HC](https://static.wixstatic.com/media/d515a3_b79ee9cc47c64a6787159b8f94b7afbb~mv2.jpg/v1/fill/w_209,h_183,fp_0.50_0.50,q_90,enc_auto/d515a3_b79ee9cc47c64a6787159b8f94b7afbb~mv2.webp)
- May 25, 2023
- 2 min
It is necessary to exhaust the statutory remedy at the DRT before filing a writ petition in the HC
![](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)
![Grant of unconditional interim injunction is improper and contrary to the legislative policy: Bom HC](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)
- May 25, 2023
- 2 min
Grant of unconditional interim injunction is improper and contrary to the legislative policy: Bom HC
![](https://static.wixstatic.com/media/d515a3_055dc415afde4fddbcf579a809709031~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_055dc415afde4fddbcf579a809709031~mv2.webp)
![Once a sale certificate is issued, the sale cannot be set aside unless on the ground of fraud](https://static.wixstatic.com/media/d515a3_055dc415afde4fddbcf579a809709031~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_055dc415afde4fddbcf579a809709031~mv2.webp)
- May 24, 2023
- 4 min
Once a sale certificate is issued, the sale cannot be set aside unless on the ground of fraud
![The amount deposited by the auction purchaser cannot be adjusted towards the borrower's pre-deposit](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)
- May 23, 2023
- 2 min
The amount deposited by the auction purchaser cannot be adjusted towards the borrower's pre-deposit
![](https://static.wixstatic.com/media/d515a3_82f2680fbe0d405bb25b9cab63ba137e~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_82f2680fbe0d405bb25b9cab63ba137e~mv2.webp)
![₹ 2,000 Banknotes Withdrawal: RBI Governor Urges Customers Not to Rush to Banks](https://static.wixstatic.com/media/d515a3_82f2680fbe0d405bb25b9cab63ba137e~mv2.jpg/v1/fill/w_209,h_194,fp_0.50_0.50,q_90,enc_auto/d515a3_82f2680fbe0d405bb25b9cab63ba137e~mv2.webp)
- May 22, 2023
- 2 min
₹ 2,000 Banknotes Withdrawal: RBI Governor Urges Customers Not to Rush to Banks
![](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
![₹ 2,000 banknotes exclusively be deposited in respective bank accounts: PIL filed in Delhi HC](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
- May 22, 2023
- 2 min
₹ 2,000 banknotes exclusively be deposited in respective bank accounts: PIL filed in Delhi HC
![Controversy Erupts: Central Govt's Ordinance Challenges Supreme Court Ruling on Delhi Admn. Services](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)
- May 20, 2023
- 2 min
Controversy Erupts: Central Govt's Ordinance Challenges Supreme Court Ruling on Delhi Admn. Services