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SARFESI ACTRecovery of Dues by Co-operative Banks

August 27, 20200

SUPREME COURT OF INDIA Pandurang Ganpati Chougule v. Vishwasrao Patil Murgud Sahakari Bank Ltd.  2020 (3) CTC 558 | 05.05.2020 BACKGROUND  The present case concerns the applicability of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as “the SARFAESI Act”) to the co-operative banks. Pandurang Chougule (hereinafter...

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SARFESI ACTPredeposit Cannot Be Attached Under SARFESI ACT

April 27, 20160

In CIVIL APPEAL NO. 4379 OF 2016 (Arising out of SLP (C) No. 13861/2015) of AXIS BANK  Vs SBS ORGANICS PRIVATE LIMITED AND ANOTHER , Supreme Court of India has decided upon as to what is the fate of predeposit  on the disposal of the appeal against an order  passed by DRT under Section 17 . Whereas,...

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