Search Results for "non-performing asset"

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Supreme Court Allows Appeal in Arbitration Dispute Over Incorporation of Arbitra...
Supreme Court Acquits Accused in SC/ST Act Murder Case Due to Unreliable Evidenc...
Supreme Court Allows Appeal Against Contractual Appointment in Regular Vacancy �...
Supreme Court Allows NHAI Appeal, Reduces Compensation for Land Acquisition Unde...
Supreme Court Enhances Compensation for Mother of Deceased Engineering Student i...

Search Results for "non-performing asset"

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Supreme Court

Supreme Court Dismisses Bank's Appeal in Insolvency Case — Holds Dispute Predominantly Contractual, Not a Straightforward Financial Debt Default Under IBC. The Court ruled that where loan disbursement is made directly to a builder under a quadripartite agreement and the corporate debtor's obligations are intertwined with the builder's performance, the transaction does not constitute a simple financial debt under Section 7 of the Insolvency and Bankruptcy Code, 2016.

7 May 2026

The Supreme Court dismissed the appeal filed by Dhanlaxmi Bank Limited against the order of the National Company Law Appellate Tribunal (NCLAT) which ...

Supreme Court

Supreme Court Quashes FIR in Fraud Case Due to Non-Exhaustion of Alternative Remedies. High Court's Direction to Register FIR Without Prior Recourse to Statutory Remedies Held Illegal Under Article 226 of the Constitution of India.

4 May 2026

The Supreme Court considered appeals against an interim order of the Bombay High Court directing police to record the statement of the Director of the...

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 ...

Supreme Court

Supreme Court Dismisses Appeal in Insolvency Case — Petition Under Section 7 IBC Held Time-Barred Despite IRP's Admission of Claim Not Constituting Acknowledgment Under Limitation Act. The Court held that limitation for Section 7 IBC runs from NPA date, and IRP's admission of claim is administrative, not an acknowledgment under Section 18 of the Limitation Act, 1963.

27 Mar 2026

The appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) were filed by Appellant, erstwhile Director of two corporate debtors, a...

High Court

High Court Allows Writ Petitions by Bank and Auction Purchaser, Quashing DRT Order Setting Aside Auction Sale. DRT Exceeded Jurisdiction by Granting Final Relief in Interim Application Under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Despite Valid Auction Compliance with Rules.

24 Mar 2026

The dispute arose from an order passed by the Debt Recovery Tribunal-III, Mumbai (DRT) setting aside an auction sale conducted by HDFC Bank Limited an...

Supreme Court

Supreme Court Dismisses Appeal in Bank Employee Disciplinary Case, Upholding Post-Retirement Penalty Under Service Regulations. Reduction of Pay Penalty Valid as Service Regulations Permit Continuation of Disciplinary Proceedings Initiated Before Superannuation Under Regulation 20(3)(iii) of Punjab and Sind Bank Officers' Service Regulations, 1982.

19 Mar 2026

The appeal arose from disciplinary proceedings against a bank officer who superannuated while facing charges of irregularities in loan disbursement. T...

High Court

High Court of Karnataka Allows Petitioner in Property Dispute and Electricity Disconnection Case Due to Time-Barred Municipal Action and Violation of Court Order. BBMP's Cancellation of Khata After 20 Years Held Time-Barred Under Section 114A of Karnataka Municipal Corporations Act, 1976, and BESCOM's Disconnection Notice Quashed for Disregarding Interim Status Quo Order.

26 Feb 2026

The dispute involved two consolidated writ petitions concerning property rights and administrative actions. The petitioner had acquired Flat No. 3 in ...

High Court

High Court of Karnataka Allows Appeal Against Injunction Restraining Bank from Enforcing Corporate Guarantee. The court set aside the injunction as the guarantee deed was unconditional and the bank had a prima facie case under Order 39 Rules 1 and 2 of CPC, enabling it to proceed under SARFAESI Act and IBC.

17 Feb 2026

The appeal arose from an order dated 25.07.2024 passed by the LXXXV Additional City Civil and Sessions Judge, Bengaluru (Commercial Court) in I.A. No....

High Court

High Court Appoints Arbitrator and Grants Interim Relief in Loan Default Case Under Arbitration and SARFAESI Acts. Applicant Secures Protection for Mortgaged Property in Dispute with Respondents

2 Feb 2026

The High Court of Bombay heard two connected applications filed by Tata Capital Housing Finance Limited against Inderjeet Sahni and others. The first ...

Supreme Court

Supreme Court Interprets Pre-Deposit Requirement Under Section 18 of SARFAESI Act in Appeals by Borrowers and Secured Creditors. The court held that pre-deposit is mandatory, computed based on the amount claimed in the notice under Section 13(2), excluding future interest, with adjustments for recoveries after filing the petition under Section 17.

23 Apr 2025

The Supreme Court of India, in a group of appeals, addressed the interpretation of Section 18 of the Securitisation and Reconstruction of Financial As...

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