Search Results for "Non Performing Asset"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Supreme Court Enhances Child Maintenance and Grants Interim Medical Maintenance ...
Supreme Court Upholds Refusal to Eschew Proof Affidavit in Probate Proceedings. ...

Search Results for "Non Performing Asset"

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High Court

High Court Dismisses Writ Petition Challenging Rejection of Interim Relief in BIFR Proceedings — Sale Under Securitisation Act Completed, No Jurisdiction Remains with BIFR. The court held that once action under Section 13(4) of the Securitisation Act is taken to its logical end, BIFR loses jurisdiction, and interim relief cannot be granted to disturb a concluded sale.

19 May 2010

The petitioner, Nouveaw Exports Private Limited, filed a writ petition under Article 226 of the Constitution of India challenging the order dated 13th...

Supreme Court

Supreme Court Allows Appeals by Successful Resolution Applicant and Union Bank in DHFL Insolvency Case, Upholds Resolution Plan Modifications on Avoidance Applications and Confidentiality. The Court held that the NCLAT exceeded its jurisdiction by modifying the resolution plan approved by the CoC and NCLT regarding avoidance applications, and that the commercial wisdom of the CoC is not subject to judicial review except under Section 30(2) IBC.

1 Apr 2025

The Supreme Court disposed of a batch of appeals arising from the insolvency resolution of Dewan Housing Finance Corporation Limited (DHFL) under the ...

High Court

High Court of Karnataka Allows Writ Petition Against DRAT Order in SARFAESI Act Case — Appeal Under Section 18 Held Maintainable Despite Availability of Civil Suit. Statutory Remedy Under SARFAESI Act Cannot Be Ousted by Alternative Remedy of Civil Suit.

27 Jun 2019

The petitioner, Trishul Developers, a partnership firm, had availed a loan from L & T Housing Finance Limited (respondent No.1). Upon default, the res...

High Court

High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. The court held that the RBI circular dated June 7, 2019, is binding on banks and that the borrower has a right to seek a review meeting under the framework.

25 Jun 2026

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

Supreme Court

Supreme Court Closes Contempt Petitions Against Alchemist for Non-Payment of Rs. 4.5 Crores to Kotak Mahindra Bank, Directs Payment Subject to High Court Determination. The Court held that the order dated 07.05.2012 was binding until modified, and Alchemist's failure to pay constituted disobedience, but since the amount was deposited, no contempt action was taken.

23 Sep 2019

The Supreme Court of India disposed of contempt petitions filed by Kotak Mahindra Bank Limited (KMBL) against Alchemist Assets Reconstruction Company ...

High Court

Bombay High Court Directs State to Issue Circular for Expeditious Disposal of Section 14 Applications Under SARFAESI Act; District Magistrates Ordered to Clear Pending Matters Within Two Months. The Court Reiterated Limited Scope of Enquiry Under Section 14 and Mandated Strict Timelines to Prevent Frustration of Securitization Act's Purpose.

30 Aug 2011

The writ petition was filed by Housing Development Finance Corporation Limited (HDFC), a financial institution under the Securitization and Reconstruc...

High Court

Bombay High Court Allows Bank's Writ Petition Against DRI Letter Restraining Sale of Secured Assets - Priority of Secured Creditor Under SARFAESI Act Over Customs Act Upheld. The court quashed the DRI letter dated 02.11.2015 as without authority of law and directed the DRI to disclose investigation status to the bank.

16 Jan 2024

The petitioner, Bank of Maharashtra, had extended financial facilities to respondent No.2, who defaulted and the account was declared NPA on 19 August...

Supreme Court

Supreme Court Upholds High Court Ruling That Time Limit Under Section 14 of SARFAESI Act is Directory. The provision requiring District Magistrate to pass possession order within 30 days (extendable to 60 days) is directory, as non-compliance does not invalidate proceedings or prejudice the borrower.

1 Jan 2020

The appeal arose from a judgment of the Kerala High Court which held that the time limit under Section 14 of the Securitisation and Reconstruction of ...

Supreme Court

Supreme Court Allows Appeal of SBI Consortium in Corporate Guarantee Dispute Under IBC. Corporate Guarantees Executed by Corporate Debtor Constitute Financial Debt Under Section 5(8) of IBC, 2016, and Are Enforceable Despite Timing and Stamping Objections.

28 Apr 2026

The Supreme Court allowed the appeal filed by the Appellant Consortium against the order of the National Company Law Appellate Tribunal (NCLAT) which ...

High Court

Bombay High Court Dismisses Writ Petitions Against SARFAESI Proceedings by DBS Bank — Foreign Bank Not Required to Register Under Section 2(1)(c) of SARFAESI Act for Enforcement of Security Interest. The court held that a foreign bank with a branch in India is a 'bank' under Section 2(1)(c) read with the Banking Regulation Act, 1949, and can enforce security interest under Section 13 of the SARFAESI Act.

30 Nov -0001

The judgment involves two writ petitions: Writ Petition No. 1338 of 2016 filed by Narendra Plastic Private Limited and Neemit Punamiya against DBS Ban...

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