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- The latest judgment on the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is from the Supreme Court12345. The court held that recoveries under the SARFAESI Act with respect to secured assets would prevail over recoveries under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)1. The judgment also upheld the constitutional validity of the SARFAESI Act's provisions related to the initiation of insolvency proceedings against defaulting borrowers5.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Supreme Court: The division bench of *M.R. Shah and Krishna Murari, J.J., held that recoveries under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act') with respect to the secured assets would prevail over the recoveries under the Micro, Small and Medium Enterprises Development Act, 2006 (‘MSMED Act') to recover the amount under the award / decree passed by...
www.scconline.com/blog/post/2023/01/10/recoverie…Proceedings Under SARFAESI Act 2002 Are To Remain Unaffected By Orders Passed Under SEBI Act 1992: Delhi High Court 24 July 2023 11:59 AM GMT Magistrate's Order Under Section 14 SARFAESI Act Cannot Be Quashed By High Court U/S 482 CrPC : Supreme Courtwww.livelaw.in/tags/sarfaesi-actthe Debt Recovery Tribunal dated 23rd March, 2018 quashing the demand notice dated 14th June, 2017 served on the respondents (borrower) under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the “SARFAESI Act”) followed with the possession notices dated 09th November, 2017 and 10th November, 2017.www.main.sci.gov.in/supremecourt/2019/25979/25…The Hon’ble Supreme Court in its aforementioned order held that: “ The classification of land in the revenue records as agricultural is not dispositive or conclusive of the question whether the SARFAESI Act does or does not apply.www.argus-p.com/updates/updates/supreme-court …Swiss Ribbons Pvt. Ltd. vs. Union of India (2019): The Supreme Court, in this landmark judgment, upheld the constitutional validity of the SARFAESI Act’s provisions related to the initiation of insolvency proceedings against defaulting borrowers.www.valuerworld.com/2023/05/14/case-analysis-la… - People also ask
Read all Latest Updates on and about SARFAESI Act - LiveLaw
WEB25 April 2024 5:19 AM GMT. Delhi High Court Imposes 5 Lakhs Rupees Cost On A Party For Failure To Disclose An Unfavourable Order Under SARFAESI Act While Seeking Interim Relief Under...
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18 Nov 2022 4:33 AM GMT. Share this. The Supreme Court observed that the bar on …
SARFAESI Act | Borrower's …
21 Sep 2023 3:28 PM GMT. Share this. The Supreme Court on Thursday …
SARFAESI - Dues Of Secur…
Amisha Shrivastava. 3 Sep 2022 3:07 PM GMT. Share this. The Bombay High …
WEBJ U D G M E N T. REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 7372 OF 2021. (ARISING OUT OF …
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Important Supreme Court and High Court Judgments of 2022 on …
WEBJan 10, 2023 · Important Supreme Court and High Court Judgments of 2022 on SARAFESI Act, 2002/ Recovery of Debts and Bankruptcy Act, 1993. January 10, 2023. …
WEBSecurities Interest Act, 2002 (for short, ‘the SARFAESI Act’) for repayment of the principal amount along with interest, cost, charges, etc. As on 30.04.23, an aggregate sum of Rs. …
Right of Redemption and the Amended Section 13 (8), …
WEBDec 12, 2023 · Tweet. O n 21-9-2023, the Supreme Court of India (Chandrachud, C.J. and Pardiwala, J.), in Celir LLP v. Bafna Motors (Mumbai) (P) Ltd.. 1 cleared the confusion …
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V.Rajitha vs Union Of India on 17 December, 2021 - Indian Kanoon
WEBIn continuation of the proceedings under the SARFAESI Act, the Advocate-Commissioner upon receipt of warrant from the jurisdictional Chief Metropolitan Magistrate issued …
Supreme Court Annual Digest 2022- SARFAESI Act …
WEBLIVELAW NEWS NETWORK. 27 Jan 2023 4:57 AM GMT. Share this. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - After the CIRP is initiated, all...
No bar in law for a secured creditor to directly proceed u/s 14 of ...
WEBAug 21, 2023 · State of U.P., (2019) 2 SCC 198, wherein the Supreme Court held that “it would be up to the secured creditor to decide as to whether the secured creditor would …
Year 2023: Supreme Court judgment on SARFAESI Act, 2002, …
WEBJan 25, 2024 · In this case, Division Bench of the High Court has allowed an appeal and has quashed and set aside the judgment passed by the learned Single Judge and has …
Mahesh Chand Nagar & Another vs Icici Bank Limited on 24 …
WEBMahesh Chand Nagar & Another vs Icici Bank Limited on 24 March, 2022. 1. This order intends to dispose of an application under Section 34 of SARFAESI Act, 2002 read with …
WEBjudgment and order dated 22.12.2017 passed by the High Court of Judicature at Bombay in Writ Petition No. 1961/2017, by which, the Division Bench of the High ... “SARFAESI …
Landmark Judgments on Banking Laws by the SC and HC’s in …
WEBApr 12, 2023 · Landmark Judgments on Banking Laws by the SC and HC’s in 2022 (RDDB, SARFAESI, RBI, BRA Enactments) Part II. by Siddharth R. Gupta† and …
Notification No. – S.O. 652 (E) dated 12.02.2021 – SARFAESI …
WEBNew Delhi, the 12th February, 2021. S.O. 652 (E).—In exercise of the powers conferred by sub-clause (iv) of clause (m) of subsection (1) of section 2 of the Securitisation and …
WEB2002 (hereinafter referred to as ‘the SARFAESI Act’) was enacted. 3. The present appeals challenge the common judgment and order dated 18.11.2019 passed by the High Court …
Supreme Court Explains SARFAESI Act In Latest Judgement
WEBIn the latest judgement, the Supreme Court has analyzed the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security …
WEB17 of the SARFAESI Act provides for the right of appeal to any person including the borrower to approach Debt Recovery Tribunal (DRT). Section 17 has been amended by …
WEBApr 17, 2023 · Notices under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter …
SARFAESI Archives - Supreme Court of India Judgements
WEBOct 1, 2023 · SARFAESI Act, 2002 – High Court has committed a very serious error in entertaining the writ petition under Article 226 of the Constitution of India challenging the …
WEBjudgment and order dated 27th June, 2019 passed by the Division Bench of the High Court of Karnataka at Bengaluru in Writ ... SARFAESI Act for enforcement of security interest …
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