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Bombay High Court Examines Whether Assignee Bank Can Invoke SARFAESI Act for Debt Assigned by NBFC. The case involves interpretation of 'debt' and 'secured creditor' under SARFAESI Act, 2002 and RDDBFI Act, 1993, and the effect of assignment from a non-banking financial company to a bank.

The petitioner, a banking company, sought to enforce security interest under the SARFAESI Act after acquiring a debt and underlying security from a no...

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Bombay High Court Dismisses Petition of Contract Workers Seeking Direct Employment in Co-operative Bank — Outsourcing of Services Held Permissible. No legal right to employment exists, and the bank's policy decision to outsource non-core services is not subject to judicial review.

The petitioners, three individuals, filed a writ petition before the Bombay High Court challenging the inaction of the District Deputy Registrar, Than...