Orissa State Financial Corporation vs. Sukanti Mohapatra: Supreme Court Upholds Loan Recovery Process Date of the Judgment: 21 March 2024 Citation: 2024 INSC 256 Judges: Sanjiv Khanna, J., Dipankar Datta, J. Can a financial corporation proceed with the sale of a mortgaged property when a borrower defaults on loan repayment? The Supreme Court of India […]
Supreme Court Clarifies Powers of District Magistrate Under SARFAESI Act Date of the Judgment: 25 February 2022 Citation: (2022) INSC 179 Judges: A.M. Khanwilkar, J., C.T. Ravikumar, J. Can a District Magistrate (DM) or Chief Metropolitan Magistrate (CMM) authorize an advocate to take possession of secured assets under the Securitisation and Reconstruction of Financial Assets
Supreme Court Orders Fresh Review in Loan Dispute: Punjab Financial Corporation vs. Paulbro Leathers (2019) LEGAL ISSUE: Whether a demand raised by a financial corporation after a settlement, but with a dispute over the calculation of the settled amount, can be quashed without examining the merits of the demand. CASE TYPE: Loan Recovery/Financial Dispute. Case
LEGAL ISSUE: Whether a bank, having legally acquired a property through auction for loan recovery, is obligated to share the surplus from the property’s subsequent sale with the original borrower, especially when the borrower faces extreme financial distress and health issues. CASE TYPE: Civil Appeal. Case Name: State Bank of Travancore & Ors. vs. R.
