SARFAESI News

SC to hear plea challenging constitutional validity of Article 370 in April

SC to hear plea challenging constitutional validity of Article 370 in April

The petition had said that the continuance of the temporary provision of Article 370 even after dissolution of Constituent Assembly of J&K, and that of J&K Constitution which has never got the assent of the President of India or Parliament or the ...

Supreme Court to hear plea against Article 370 in April

Supreme Court to hear plea against Article 370 in April

“The issue is covered by the judgment of this court in the 2017 SARFAESI matter, where we held that despite the headnote of Article 370, it is not a temporary provision,” the court had said. GALLERIES View more photos · Karan Johar on Shah Rukh Khan's ...

New Supreme Court Roster published, three more judges to head Benches

New Supreme Court Roster published, three more judges to head Benches

A new roster of cases to be heard by the judges of the Supreme Court of India has been published. The new Supreme ... Justice AM Khanwilkar, who is another judge to head the Bench, will hear cases relating to SARFAESI, land law, and Excise. Besides ...

SBI can now start insolvency proceedings against construction firm

SBI can now start insolvency proceedings against construction firm

HYDERABAD: The Hyderabad bench of the National Company Law Tribunal (NCLT) has recently permitted for commencement of insolvency proceedings against BS Limited, a construction company, which has failed to repay loans raised from the State Bank of India ...

India: Simultaneous Application Of SARFAESI And The Arbitration Act

India: Simultaneous Application Of SARFAESI And The Arbitration Act

In the matter of Indiabulls Housing Finance Limited v. Deccan Chronicle Holdings Limited & Ors., 2018(2)Bom.C.R. 739, the apex court addressed the issues of whether the provisions of the Securitisation and Reconstruction of Financial Assets and ...

Indiabulls gets HC nod for possession of DCHL's HQ

Indiabulls gets HC nod for possession of DCHL's HQ

The proceedings launched by the lender under Sarfaesi Act are not against DCHL but against Venkattram Reddy. It cannot be held that Indiabulls is disabled from taking possession of a property mortgaged by a coborrower merely because the property is in ...and more »

HC asks IDBI to hear Tirupati Inks director in default case

HC asks IDBI to hear Tirupati Inks director in default case

The Allahabad High Court has directed the Industrial Development Bank of India (IDBI) to consider the representation made by Sanjiv Aggarwal, a founder-director of Tirupati Inks Ltd., who has questioned the bank's decision to declare him a wilful ...and more »

You can buy foreclosed property online

You can buy foreclosed property online

Online auctions or e-auctions are gaining popularity in India. Some property portals have taken up online auctions of reposessed properties under the SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act.

IBBI debars insolvency professional Martin Golla for 10 years

IBBI debars insolvency professional Martin Golla for 10 years

In a strong and exemplary action, the Insolvency and Bankruptcy Board of India (IBBI) has debarred Martin SK Golla, an insolvency professional (IP) for 10 years for deliberate, blatant, orchestrated and collusive contraventions in his duty and ...

RBI penalises Deutsche Bank, J&K Bank for flouting norms

RBI penalises Deutsche Bank, J&K Bank for flouting norms

In a strong and exemplary action, the Insolvency and Bankruptcy Board of India (IBBI) has debarred Martin SK Golla, an insolvency professional (IP) for 10 years for deliberate, blatant, orchestrated and collusive contraventions in his duty and ...and more »