Web10 Mar 2024 · It was further noted that an action taken by the 'financial creditor' under Section 13(2) or Section 13(4) of the SARFAESI Act, cannot be termed to be a civil proceeding before a court of first instance or appeal or revision or any other forum. Thus, action taken under Section 13(2) of the SARFAESI Act, cannot be counted for the purpose … Web4 Apr 2024 · The Supreme Court last month in a decision in ITC Limited v. Blue Coast Hotels Ltd. & Ors clarified that section 13 (3A) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 (the “Act”) is not merely directory, but in fact mandatory in nature. The Court further stated that in ...
Supreme Court Rules on Mandatory Procedure under the SARFAESI Act
Web25 Feb 2011 · The question might arise as to whether the provisions of the SARFAESI Act, so to say Section 13(4) could be pressed into service for the purpose of executing a decree … Web5 Mar 2024 · (i) a public financial institution within the meaning of section 4A of the Companies Act, 1956 (1 of 1956); (ii) any institution specified by the Central Government … does red orchestra have a campaign
SARFAESI Notice - PNB Housing Finance – Home Loan, Fixed …
Web25 Sep 2010 · 1. Sarfaesi 13(2)is issued. 2. Possession taken after 60 days u/s 13(4). 3. During possession I object, since representation u/s 13(3A) not replied within mandatory period of 7 days, and also schedule of property differs, but not taken heed of and served notice and affixes notice on wall. 4. Webcategorised as ‘NonPerforming Asset (NPA)’ on 1.4.2011. The respondentBank on 23.5.2011 issued notice under Section 13(2) of the SARFAESI Act for a liability of Rs.20,24,05,000/. It is the contention of the appellants that the respondentBank instead of proceeding against the Web1 Feb 2010 · Section 13(4) of SARFAESI Act dated 01.7.2016 and to quash the same. 2. Heard Mr.Muralikumaran, learned counsel appearing for the petitioner and … facebook wdr maus