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Bombay High Court Upholds Public Interest Petition and Directs Expeditious Disposal of Section 14 SARFAESI Applications by Magistrates. Section 14 Powers Are Ministerial and No Notice to Borrower Is Required, Emphasizing Need to Recover Public Money Quickly.

The matter originated as a Criminal Writ Petition filed by International Asset Reconstruction Company Private Limited, an asset reconstruction company...

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Madras High Court Dismisses Writ Petition Challenging SARFAESI E-Auction Sale Notice for Lack of Maintainability. Statutory Remedy Under Section 17 of SARFAESI Act Held to Be Effective Alternative, Barring Writ Jurisdiction Under Article 226.

The petitioners, C.Shanmuga Sundaram and others, filed a writ petition under Article 226 of the Constitution of India before the Madras High Court cha...

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Supreme Court Reverses High Court Judgment in SARFAESI Act Case Due to Non-Compliance and Limitation. Bank's Auction Sale Upheld as Borrower's Challenge Was Time-Barred and Requests Did Not Trigger Statutory Obligations Under Section 13(3A) of SARFAESI Act, 2002.

The dispute arose from proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SAR...

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High Court of Gujarat Quashed Order Refusing Registration of Sale Deed in SARFAESI Act Case — Reasoning that SARFAESI Act Overrides State VAT Attachment. Sub-Registrar Directed to Register Sale Certificate Issued by Bank, as Prior Attachment Under Gujarat VAT Act Does Not Bar Registration.

The petitioner, a successful auction purchaser, filed a writ petition under Article 226 of the Constitution challenging the refusal of the Sub-Registr...