Security Interest (Enforcement) Rules, 2002 with Rule 9(5)

Supreme Court Upholds Auction Sale: IDBI Bank vs. Ramswaroop Daliya (2024) INSC 780

/ Auction Law, Constitutional Law, Constitutional Law with Article 142, Natural Justice, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Security Interest (Enforcement) Rules, 2002 with Rule 9(4), Security Interest (Enforcement) Rules, 2002 with Rule 9(5)

Supreme Court Upholds Auction Sale: IDBI Bank vs. Ramswaroop Daliya (2024) INSC 780 LEGAL ISSUE: Whether an auction sale can be cancelled if the auction purchaser fails to deposit the balance amount within the stipulated time, especially when the delay is not attributable to the purchaser. CASE TYPE: Auction Law, Securitisation and Reconstruction of Financial […]

Supreme Court Upholds Auction Sale: IDBI Bank vs. Ramswaroop Daliya (2024) INSC 780 Read Post »

Supreme Court Upholds Auction Sale Despite Minor Property Description Error: Varimadugu Obi Reddy vs. B. Sreenivasulu & Ors. (2022)

/ Ajay Rastogi, C.T. Ravikumar, Judges, SARFAESI Act, 2002, SARFAESI Act, 2002 with Section 13(2), SARFAESI Act, 2002 with Section 13(4), Security Interest (Enforcement) Rules, 2002, Security Interest (Enforcement) Rules, 2002 with Rule 9(4), Security Interest (Enforcement) Rules, 2002 with Rule 9(5)

Supreme Court Upholds Auction Sale Despite Minor Property Description Error: Varimadugu Obi Reddy vs. B. Sreenivasulu & Ors. (2022) LEGAL ISSUE: Whether a minor error in the description of a mortgaged property in an auction notice invalidates the sale under the SARFAESI Act, 2002. CASE TYPE: Securitisation and Debt Recovery Case Name: Varimadugu Obi Reddy

Supreme Court Upholds Auction Sale Despite Minor Property Description Error: Varimadugu Obi Reddy vs. B. Sreenivasulu & Ors. (2022) Read Post »

Supreme Court clarifies remedy against forfeiture of deposit under SARFAESI Act: Agarwal Tracom Pvt. Ltd. vs. Punjab National Bank & Ors. (27 November 2017)

/ Abhay Manohar Sapre, Judges, R.K. Agrawal, 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(4), Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 with Section 17, Security Interest (Enforcement) Rules, 2002 with Rule 9(5)

LEGAL ISSUE: Whether an auction purchaser can challenge the forfeiture of deposit under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) by filing an application before the Debt Recovery Tribunal (DRT). CASE TYPE: Securitisation Law Case Name: Agarwal Tracom Pvt. Ltd. vs. Punjab National Bank & Ors.

Supreme Court clarifies remedy against forfeiture of deposit under SARFAESI Act: Agarwal Tracom Pvt. Ltd. vs. Punjab National Bank & Ors. (27 November 2017) Read Post »

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