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Secured Creditor Registered With CERSAI Will Have Precedence Over VAT Authorities Against Proceeds Of Enforcement: Bombay HC

The Bombay High Court recently clarified that in a sale of a mortgaged asset, where the mortgage in favour of a secured creditor is registered prior in time with CERSAI, and the MVAT Authorities...
Kalyani Wagle Somya Tripathi Siddharth Samantaray Justicebp Colabawalla A Division Bench Of Justice Somasekhar Sundaresan Division Bench
Source: livelaw.in

SARFAESI Act | Secured Creditor May Initiate Recovery Proceedings Against Guarantor Even If Defaulter Is Placed Under Moratorium: Bombay High Court

The Bombay High Court recently held that a secured creditor can initiate proceedings under the SARFAESI Act against the guarantor in case of loan default even when there is a moratorium on action...
United States Vishwa Bharati Vidhya Latif Yusuf Manikkoth Rajeshs Patil Bombay High Court Supreme Court
Source: livelaw.in

AU Small Finance Bank Property Auction: Commercial Property Available In Mumbai. Check Details Here

E-auction Sale Notice for Sale of Immovable Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 8 (6) of the Security Interest (Enforcement) Rules, 2002.
Bhanu Pratap Singh Borrowers Co Mortgagors Office No Secured Creditor Authorised Officer Finance Bank Limited

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