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May 28, 20231 min read
Appellant as a purchaser had the right to redeem the mortgage and retrieve title deeds from the bank
The Debts Recovery Appellate Tribunal (DRAT), Mumbai Bench comprising Justice Ashok Menon, Chairperson was hearing an appeal and held...
May 27, 20232 min read
Declaring the accounts as NPA is unreasonable and in violation of RBI Circulars with statutory force
The Calcutta High Court Single Bench of Justice Moushumi Bhattacharya was hearing a petition of the borrower against the action taken by...
May 27, 20233 min read
Sale proceeds from the auction of secured assets cannot be used for Pre-deposit purposes
The Gujarat High Court Single Judge Bench comprising Justice Aniruddha P. Mayee was hearing a petition on SARFAESI Act and held that the...
May 26, 20232 min read
Provisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurd
The Bombay High Court (Goa Bench) comprising Justice Bharat P. Deshpande was hearing an Application on SARFAESI Act and held that the...
May 25, 20231 min read
Dismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustified
The Division Bench of the Andhra Pradesh High Court comprising Justices A.V. Sesha Sai and Duppala Venkata Ramana was hearing a petition...
May 25, 20232 min read
It is necessary to exhaust the statutory remedy at the DRT before filing a writ petition in the HC
The Division Bench of the Calcutta High Court comprising Chief Justice Prakash Shrivastava and Justice Rajarshi Bharadwaj was hearing an...
May 25, 20232 min read
Grant of unconditional interim injunction is improper and contrary to the legislative policy: Bom HC
The Division Bench of the Bombay High Court comprising Justices Nitin Jamdar and Abhay Ahuja was hearing a petition and held that the...
May 24, 20234 min read
Once a sale certificate is issued, the sale cannot be set aside unless on the ground of fraud
The Debts Recovery Appellate Tribunal, Kolkata bench comprising Justice Anil Kumar Srivastava was hearing an appeal filed by the Secured...
May 23, 20232 min read
The amount deposited by the auction purchaser cannot be adjusted towards the borrower's pre-deposit
The Supreme Court Division Bench comprising Justices M.R. Shah and B.V. Nagarathna while hearing miscellaneous appeals on the issue of...
May 22, 20232 min read
₹ 2,000 Banknotes Withdrawal: RBI Governor Urges Customers Not to Rush to Banks
In a recent update, RBI Governor Shaktikanta Das addressed the withdrawal of ₹ 2,000 Banknotes, reassuring the public that these notes...
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