Tag: Secured Creditor

Bombay HC Directions for Expeditious Disposal of Secured Creditors' Applications under Sarfaesi Act, Section 14

Bombay High Court | Directions Issued For Expeditious Disposal Of Applications Filed By Secured Creditors Under Section 14 Of Sarfaesi Act

Tuesday May 16, 2023. BY Malavika Sachin, Abdullah Qureshi & Shradha Patil | Debt Recovery

The Hon’ble Division Bench of Bombay High Court comprising of Justice Nitin Jamdar and Justice Abhay Ahuja in L & T Finance Limited vs. State of Maharashtra vide order dated 17th April, 2023[i]issued a set

THE PRINCIPLE OF “AS IS WHERE IS” AND “AS IS WHAT IS BASIS” IN RELATION TO SECURED ASSETS PURCHASED IN PUBLIC AUCTION UNDER SARFAESI ACT,2002

THE PRINCIPLE OF “AS IS WHERE IS” AND “AS IS WHAT IS BASIS” IN RELATION TO SECURED ASSETS PURCHASED IN PUBLIC AUCTION UNDER SARFAESI ACT,2002

Saturday September 19, 2020. BY G. P. Yash Vardhan | Banking and Finance

INTRODUCTION As the Legal frame work and mechanism for curtailing and controlling mounting Non- Performing Assets (“NPA”) has become inadequate and outdated which resulted in tardy recovery of defaulting loans by the Financial Institutions arising