Madhya Pradesh High Court has recently taken serious note of the inaction by Chief Judicial Magistrates on applications under Section 14 of the SARFAESI Act. The court has also issued a slew of.
The Supreme Court is set to examine whether while returning money deposited by the highest bidder, in an auction sale conducted by the bank, the rate of interest should match with the rate that the.
The ruling clarifies that the interim moratorium begins when the application is duly numbered by the tribunal, the Kerala High Court said. This order, along with the recent Supreme Court ruling on personal guarantees, would help creditors to exercise their rights.
The Madhya Pradesh High Court recently criticised an Additional District Magistrate (ADM) for interpreting the law "as per her convenience" while dealing with SARFAESI proceedings.