Delhi High Court: DRT cannot entertain less than Rs.10 lakh claim under SARFAESI Act The IDFC First Bank had challenged the rejection of its Section 13(10) application for lack of pecuniary...
NCLT Mumbai Holds That Mere Initiation Of SARFAESI Proceedings Is Not Sufficient Reason To Condone Delay The National Company Law Tribunal (NCLT), Mumbai Bench, has dismissed an application filed...
Supreme Court Upholds Financial Creditors' Right to Seek NCLT Redress Despite Doctrine of Election The Supreme Court of India has ruled that the doctrine of election does not apply to financial...
Bombay High Court Issues Notice to Registrar of Debt Recovery Tribunal in Plea Seeking Video Conferencing Facility The Bombay High Court issued a notice to the Registrar of the Debt Recovery...
When DRT allows Court Fee Refund, Registrar Cannot Insist on Joint Application: Bombay High Court The legal right of the applicant cannot be abandoned if the opposing party does not consent The...
Bombay High Court in PNB Nirav Modi Scam: No steps Taken by Bank in Case Involving Public Money The Bombay High Court reprimanded the Punjab National Bank (PNB) for its inaction in the loan fraud...
Delhi High Court rules financial institutions cannot invoke arbitration under SARFAESI Act The rules did not cover a simple lender-borrower dispute The Delhi High Court has held that a borrower,...
Gujarat High Court rules on State Bank of India's OTS Scheme Terms the conduct of the bank as arbitrary and violative of the Constitution of India The Gujarat High Court has held that once a...
Bombay High Court holds DRAT's order It is a setback for Nirvan Birla, the son of business tycoon Yash Birla The Bombay High Court has stayed the order passed by the Debt Recovery Tribunal...
Supreme Court rules Section 7 IBC application is not time-barred An application would not be barred by limitation merely on the ground that it was filed beyond a period of three years from the...
Supreme Court To Examine Whether DRT Empowered to Condone Delay In Filing Application u/s 17 SARFAESI Act? The Supreme Court (SC) in the case titled K.J. George & Anr. (Petitioners) v. The...
SC: 'Secured Creditor Cannot be Invalidated Merely on the Ground of Procedural Defects'The Supreme Court, bench comprising of Justices L. Nageshwar Rao, Hemant Gupta and Ajay Rastogi observed that...
