Whatsapp
Cash Credit Facility Defaults and “Out of Order” Classification: A Comprehensive Legal Analysis for Banking Law Practitioners
Executive Summary Cash credit facilities represent a cornerstone of India’s working capital finance ecosystem, yet their default classification under the “out of order&
NPA Crisis in India: The SARFAESI Act as a Cornerstone in Addressing Non-Performing Assets
Introduction The Indian banking sector, once hailed as a pillar of the country’s economic growth, is currently grappling with a severe crisis. The surge in non-performing ass
Limited Scope of DRT Review in SARFAESI Proceedings: Analysis of DRAT Chennai Ruling
In a significant judgment that clarifies the scope of DRT review in SARFAESI Proceedings, the Debt Recovery Appellate Tribunal (DRAT) in Chennai has outlined the constraints within
DRAT Allahabad’s Judgment on State Bank of India Vs. Kush Kumar Verma and Anr.: Adherence to Procedural Norms – A Deep Dive
Introduction In a landmark judgment by the Debts Recovery Appellate Tribunal (DRAT) in Allahabad, presided over by Justice R.D. Khare, the case of State Bank of India vs. Kush Kuma
DRT under SARFAESI and RDB Acts: A Critical Examination in the Context of IDFC First Bank Limited v. Union of India and Ors.
The Delhi High Court recently delivered a seminal judgment in the case of *IDFC First Bank Limited v. Union of India and Ors.*, clarifying the jurisdictional bounds of the Debt Rec
District Magistrates under SARFAESI Act: Jurisdiction Clarity and Role in Facilitating Secured Asset Recovery
Introduction The intricacies of legal proceedings surrounding the SARFAESI Act recently took center stage in the Bombay High Court, illuminating the complex role of District Magist
Gujarat RERA’s Landmark Ruling on Safeguarding Allottee Rights in Real Estate
Analyzing Gujarat RERA’s Verdict on Allottee Rights vis-à-vis Banking Regulations In a momentous ruling highlighting the protection of allottee rights in the real estate rea
Debt Recovery: A Himachal Pradesh High Court Perspective on Jurisdiction
Introduction The Himachal Pradesh High Court recently made a significant ruling regarding the jurisdiction of civil courts in Debt Recovery cases where the action of the secured cr
The Intersection of SARFAESI Act and IBC: A Comprehensive Analysis of Haldiram Incorporation Pvt. Ltd. v. Amrit Hatcheries Pvt. Ltd. and Others
Introduction The interaction between the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and the Insolvency and
RBI Guidelines on Quashing SARFAESI Proceedings for Non-Compliance under SARFAESI Act 2002
Introduction The banking sector in India faces persistent challenges with non-performing assets that threaten the stability of financial institutions. To address these concerns, Pa
