Search Results for "Recovery proceedings"

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Bombay High Court Dismisses Royal Traders' Plea for Waiver in SARFAESI Act Appeal. The court reinforces the necessity of pre-deposit compliance under Section 18(1) of the SARFAESI Act and dismisses petitions seeking waiver.

The judgment clarifies the scope of Section 18(1) of the SARFAESI Act, 2002, particularly the conditions for pre-deposit waivers by borrowers appealin...

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"Supreme Court Validates Recovery from Rice Millers under Public Demand Law" "Justice Prevails in Defining Public Demand Under Bihar's Welfare Procurement Scheme"

The Supreme Court of India adjudicated disputes between Rice Millers and the Bihar State Food and Civil Supplies Corporation under the Bihar and Oriss...

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Auction Set Aside on Equitable Grounds: Auction Purchaser Compensated with Interest. Supreme Court modifies High Court orders to grant 6% interest to auction purchaser for delay in refund after auction cancellation.

The Supreme Court partially allowed the appeal of the auction purchaser, who was deprived of the use of Rs.81,20,000 due to the cancellation of an auc...

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"High Court Upholds Jurisdiction of Assistant Registrar in Recovery Proceedings: Section 154B-29 of MCS Act Prevails Over Parking Dispute Claims."

The legality of a recovery certificate issued under Section 154B-29 of the Maharashtra Co-operative Societies Act, 1960 (MCS Act). The petitioner, Smi...

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Supreme Court Directs SEBI to Liquidate Sai Group of Companies' Assets to Refund Investors Comprehensive Mandate Issued for Asset Auction and Investor Refund Process

The petitioners, a family of three, have invoked the jurisdiction of the Supreme Court under Article 32 of the Indian Constitution, seeking several di...

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Supreme Court Overturns High Court's Exemption of Nagar Nigam, Allahabad from ESI Act Obligations. Workshop Classified as 'Factory' Under Employees' State Insurance Act, Must Seek Exemption from Government Authority

The Supreme Court of India overturned the Allahabad High Court's decision which had exempted the Nagar Nigam, Allahabad (now Municipal Corporation, Al...

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Recovery of Time-Barred Debts under the Haryana Public Moneys (Recovery of Dues) Act, 1979: Resolving Legal Ambiguities and Clarifying Recovery Mechanisms Navigating the Intersection of Statutes of Limitation and Debt Recovery in India

Recovery of Time-Barred Debts under the Haryana Public Moneys (Recovery of Dues) Act, 1979: Appeals arising from judgments of the High Court of Punja...

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Supreme Court Upholds Setting Aside of Auction Sale Due to Non-Compliance by Bank. Failure to Follow Mandatory 30-Day Notice Under SARFAESI Rules Leads to Auction Sale Cancellation.

The Supreme Court upheld the setting aside of an auction sale due to the Bank's failure to follow the statutory requirement of a 30-day notice under R...

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Convictions in Ganja Seizure Case Quashed by Supreme Court due to Procedural Violations. The Supreme Court acquits the accused in a narcotics case, citing flaws in search, seizure, and evidence handling.

The Supreme Court overturned the convictions of the appellants under the NDPS Act due to procedural lapses in search, seizure, sampling, and chain of ...