The assets which are generating a loss for the Bank the same are put into auction sale under SARFAESI Act. Through the implementation of the… Read More »What is The Procedure of Auction Sale under SARFAESI Act?
Banking & Security Law
The SARFAESI Act came as a part of Banking Reforms with the opening of the Indian economy as per the International Standards. The legislation is… Read More »A Comprehensive Guide About the SARFAESI Act
The law of debt recovery is mostly based on two laws which are the Recovery of Debt and Bankruptcy Act, 1992 and the Securitization and… Read More »Latest Judgments from SARFAESI Act 2002 and IBC
Use of Criminal Prosecution is a delay tactic against debt recovery in the SARFAESI Act. and when a secured asset being a subject matter of civil dispute it cannot be discharged under the SARFAESI Act.
The Bank has such stringent powers under the SARFAESI Act that may suffer the interest of the Borrower. The Borrower must know the basics before he has to deal in any manner by the Banks for a repayment.
The Recovery of Debts & Bankruptcy Act, 1993 and Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SAFAESI Act) are primary statues that assist in the recovery of debts for the Banks or Financial institutions. Check the latest judgements from these statues
The article features legal questions that arose from the cases related to the Loan or Debt recovery cases by the Bank. The description with summary… Read More »Loan Recovery By Banks Some Latest Judgments
How Much Should Be The Amount Of Deposit For Filing an Appeal Before The Debt Recovery Appellate Tribunal?
The article is based upon the judgement by Hon’ble Chief Justice Mr P.R.P. Menon and Hon’ble Justice Mr P.P. Sahu of the High Court of… Read More »How Much Should Be The Amount Of Deposit For Filing an Appeal Before The Debt Recovery Appellate Tribunal?
The national lockdown came into effect from 24.03.2020 has affected the banking industry in a huge way. This also hindered the legal activities of the… Read More »Loan Recovery By Banks During The National Lockdown
The article provides a summary detailing of three cases of Debt Recovery Proceedings or of the nature of Financial Disputes from different High Courts of… Read More »Debt Recovery Proceedings Some Latest Judgements III