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Administrative Tribunals Act, 1985Administrative Tribunals Act 1985 - The relevant State Government has the implied power to issue a request to abolish the SAT in its state to the Union Government....
The Delhi High Court has observed that the issuance of a lookout circular (LOC) cannot be resorted to in every case of bank loan defaults or credit facilities availed for business. “… the Fundamental...
The Madhya Pradesh High Court at Jabalpur recently laid down that the provisions of the Arbitration and Conciliation Act, 1996 ('AC Act, 1996') can be invoked by a financial institution in addition to...
The High Court of Bombay has held that the remedy under the SARFAESI Act is not a bar to the arbitration proceedings. It held that both the remedies are for different stages of debt recovery and...
The High Court of Bombay has held that a debt owed to a financial institution covered only under the SARFAESI Act is arbitrable, however, a debt owed to a financial institution to which the...