Supreme Court Upholds Auction Sale of Hotel, Clarifies Section 13(3A) of SARFAESI Act: ITC vs. Blue Coast Hotels (2018)

/ Code of Civil Procedure, Code of Civil Procedure with Order 21, Judges, L. Nageswara Rao, S. A. Bobde, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 with Section 13(2), Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 with Section 13(3A), Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 with Section 31(i)

Supreme Court Upholds Auction Sale of Hotel, Clarifies Section 13(3A) of SARFAESI Act: ITC vs. Blue Coast Hotels (2018) LEGAL ISSUE: Whether the failure to reply to a borrower’s representation under Section 13(3A) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) invalidates subsequent actions by the […]

Supreme Court Upholds Auction Sale of Hotel, Clarifies Section 13(3A) of SARFAESI Act: ITC vs. Blue Coast Hotels (2018) Read Post »