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[SARFAESI Act] Borrower who fails to pay dues before auction notice cannot redeem mortgage: Supreme Court

The Supreme Court on Thursday held that with the 2016 amendment to the SARFAESI Act, the right of redemption of mortgage stands available to the borrower only till the publication of auction notice and not thereafter
Justice Jb Pardiwala Bombay High Court High Court Chief Justice Securitisation Application Debts Recovery Tribunal

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

S.17 SARFAESI Act | Recovery Action May Have Disastrous Consequences For Borrower, DRT Must Pass Interim Order Upon Application Of Mind: Kerala HC

The Kerala High Court recently held that interim orders passed by the Debts Recovery Tribunal under 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest...
Justice Gopinath Kk Chandran Pillai Sunil Shankar High Court Jimmy Thomasv Indian Bank High Court Under Article
Source: livelaw.in

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