Tag: SARFAESI
SUPREME COURT OBSERVES: BURDEN LIES ON THE BORROWER TO PROVE THAT THE SECURED PROPERTIES ARE AGRICULTURAL LANDS
The Supreme Court, comprising Justice M.R. Shah and Justice M.M. Sundaresh in a recent judgment1 held that the burden to prove that the secured properties are agricultural lands and are being used as agricultural lands
Vishal N. Kalsaria v. Bank of India & Ors.
Introduction In the case of Vishal N. Kalsaria v. Bank of India & Ors.[1], the Supreme Court has considered the question whether the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of
Pegasus Assets Reconstruction P. Ltd. v. M/s. Haryana Concast Limited & Anr. – SARFAESI Act a complete code, harmonious with Companies Act, 1956
By Varsha G Subramanian Introduction A secured creditor has a right to enforce its security interest under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (“SARFAESI Act”). In the case
Lenders beware, the property is leased
By Shiju. P. V The Supreme Court has given a very important judgement last week where the Court considered the validity of leases created on mortgaged property. The Court has examined whether the provisions of
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