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Madras High Court Dismisses Writ Petition Challenging Bank's Set-off of Fixed Deposit Against Loan Default Under SARFAESI Act. Bank's Right to Set-off Margin Money Fixed Deposit Against Outstanding Loan Upheld as Contractual and Statutory Right Under Section 171 of Contract Act and SARFAESI Act.

The writ petitioner, M/s Chithra Agencies Private Limited, an authorized dealer of Castrol India Ltd., availed cash credit facility from Canara Bank, ...

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Bombay High Court Dismisses Decree Holder's Application to Implead Auction Purchaser in Execution Proceedings — Order VI Rule 17 CPC Application Rejected as Execution is Not a 'Trial' and Amendment Would Change Nature of Suit

The petitioner, Sangli Zilla Parishad Employees Co-operative Credit Society Limited, had advanced a loan to respondent no.1, Ninaidevi Sahakari Sakhar...

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Bombay High Court Dismisses Writ Petition Challenging Section 14 SARFAESI Proceedings Due to Availability of Alternative Remedy Under Section 17. Cooperative Bank's Recovery Action Upheld as Writ Not Maintainable When Statutory Remedy Exists.

The petitioners, Pimpri Chinchwad Sahakari Bank Maryadit and its Special Recovery Officer, filed a writ petition under Article 226 of the Constitution...

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Madras High Court Dismisses Writ Petition Seeking Speedy Disposal of SARFAESI Application Due to Alternative Remedy. Petitioner directed to pursue remedy under Section 17 of SARFAESI Act, 2002 before Debts Recovery Tribunal.

The petitioner, M/s. Cholamandalam Investment and Finance Company Limited, represented by its authorized officer, filed a writ petition under Article ...

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Resolution of Property Dispute Through Legal Validation and Evidence

A property dispute between M/s Honesty Land Developers and the defendants, where the appellants claim possession and ownership of certain plots in Aur...

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Karnataka High Court Dismisses Petitioner's Challenge to SARFAESI Sale Notice as Infructuous. Sale Notice Became Redundant and Objections to Demand Notice Already Replied by Bank, No Further Relief Granted.

The petitioner, M/s Sri Guru Raghavendra Agro Foods Rice Mill, a partnership firm represented by its partner Y. Sharanappa Shetty, filed a writ petiti...

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Bombay High Court Directs Magistrate to Decide SARFAESI Section 14 Application in Light of Amended Section 17(4A) - Tenancy Claims to be Decided by DRT. Writ Petition Disposed with Direction to Consider Amendment w.e.f. 1.9.2016.

The petitioner, Vijaya Bank, filed a writ petition before the Bombay High Court challenging the inaction of the Chief Metropolitan Magistrate, Esplana...

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NCLAT Dismisses Financial Creditor's Appeal Against Rejection of Section 7 Application as Time-Barred. Application Under Section 7 of IBC, 2016 Filed Beyond Three Years from NPA Declaration Held Barred by Limitation.

The appeal was filed by M/s. Canara Bank (Appellant/Financial Creditor) against the order of the National Company Law Tribunal, Hyderabad Bench, which...