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Jun 3, 20232 min read
DRT Order Is Set Aside As No violation of Rule 8(6) & 9(1) Security Interest (E) Rules is discovered
The Debts Recovery Appellate Tribunal (DRAT), Kolkata Bench comprising Justice Anil Kumar Srivastava, Chairperson was hearing an appeal...
Jun 2, 20231 min read
Secured Creditor fails to produce evidence of compliance with Security Interest (E) Rules 8(6), 9(1)
Debts Recovery Appellate Tribunal (DRAT), Chennai Bench comprising Justice S. Ravi Kumar, Chairperson was hearing an appeal filed by the...
Jun 1, 20233 min read
SC Rules Auction Proceedings Conducted by Secured Creditor as Invalid and Orders For a Fresh Auction
The Supreme Court Bench comprising Justices Ajay Rastogi and Bela M. Trivedi was hearing an appeal and ruled in favour of the appellant,...
May 31, 20232 min read
SARFAESI Act: A Tenant under a registered lease, cannot be dispossessed by the Bank/Secured Creditor
The Division Bench of the Andhra Pradesh High Court comprising Justices U. Durga Prasad Rao and B.V.L.N. Chakravarthi was hearing a...
May 31, 20232 min read
Petitioner's challenge to the order passed under Section 14 of the SARFAESI Act is not maintainable
The Division Bench of the Allahabad High Court (Lucknow bench) comprising Justices Rajan Roy and Manish Kumar was hearing a petition and...
May 31, 20232 min read
RDB Act S.21: Complete Waiver of Pre-Deposit without sufficient reason must be quashed and set aside
The Division Bench of Bombay High Court comprising Justices Nitin Jamdar and Abhay Ahuja was hearing petitions filed by the the secured...
May 30, 20232 min read
High Courts Should Refrain From Interfering in Commercial Matters Governed by the SARFAESI Act: SC
The Supreme Court bench comprising Justices Sanjiv Khanna and M. M. Sundresh was hearing an appeal and held that the high courts should...
May 30, 20231 min read
Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues
The Division Bench of the Madras High Court comprising Justices D. Krishnakumar and R. Vijayakumar was hearing a petition and held that...
May 29, 20231 min read
Granting the benefit of One Time Settlement scheme should be left to the commercial wisdom of bank
Debts Recovery Appellate Tribunal (DRAT), Kolkata bench comprising Justice Anil Kumar Srivastava was hearing an appeal and held that...
May 28, 20231 min read
Plaintiff's Attempt to File a Civil Suit to Defeat the Proceeding under SARFAESI Act Not Permissible
The Punjab and Haryana High Court Single Judge Bench comprising Justice H.S. Madaan was hearing a Regular Second Appeal and held that...
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