Created by Fuzzy Cloud | Our 2nd AI-Powered Solution
30 judgments · newest first · showing 1–30
Jana Small Finance Bank Ltd filed a writ petition seeking repossession of secured assets after the borrowers, Atul Mulik and Shital Atul Mulik, allegedly broke the lock and took illegal possession of the property. The bank relied on an order dated 28.03.2025 passed by the Chief Judicial Magistrate …
The petitioners, poor agriculturists, challenged a possession warrant dated 16‑07‑2026 issued by the Additional Tahsildar for execution of a bank’s order under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The bank argued that …
The petitioners, poor agriculturists, challenged a possession warrant dated 16‑07‑2026 issued by the Additional Tahsildar for execution of a bank’s order under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The bank argued that …
The State Bank of India filed a writ petition seeking an order directing the Tahsildar to execute a 2019 order under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, and to hand over possession of a secured asset. The bank …
Supreme Equipments Private Limited purchased a property in an auction conducted under the SARFAESI Act and obtained a sale certificate dated 11 November 2024. The petitioner sought a writ of mandamus directing the State of Maharashtra to register the sale certificate without levying interest, …
The petitioners, Aryadeep Investment and Holding Private Limited & Anr., filed a writ petition seeking a mandamus directing the Municipal Corporation of Greater Mumbai (BMC) and its competent authority to process a written complaint dated 21 October 2024 and to take action under the MMC Act and MRTP …
The petitioner, JM Financial Asset Reconstruction Company Ltd., a secured creditor under the SARFAESI Act, acquired leasehold rights over premises owned by the Mumbai Port Authority and occupied them from August 2012 without paying rent. The Port Authority initiated eviction proceedings under the …
Shalu filed a writ petition challenging two orders dated 17‑08‑2026 and 18‑02‑2026 that were passed under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The petitioner argued that the orders were illegal and sought relief from …
The petitioners Subhash and another filed a writ petition before the Allahabad High Court challenging actions of the State of Uttar Pradesh and four other respondents. The petition sought relief, but counsel for the petitioners requested that the petition be dismissed with liberty to approach the …
Ugro Capital Ltd., a secured creditor, filed two writ petitions seeking a limited direction to the Chief Metropolitan Magistrate, Mumbai, to dispose of its applications filed under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 …
Axis Bank Limited, a secured creditor, filed a writ petition seeking limited protection for the speedy disposal of its application under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, which had been pending before a …
Vidhasagar Prasad filed a writ petition in the Patna High Court seeking a certiorari to quash a notice issued under Section 13(2) of the SARFAESI Act demanding payment of Rs. 45.11 lakh, and to set aside an order under Section 14 authorising the District Magistrate to direct possession of his …
The petitioner, Trisha Saxena, filed a writ petition under Article 226 seeking to quash a notice dated 30.02.2026 issued by an Advocate Commissioner that led to possession of her property by a bank. She argued that only the bank, not the Advocate Commissioner, was authorized to issue such notice. …
Petitioner Amrendra Kumar Jaiswal filed a writ petition under Article 226 seeking a mandamus directing Union Bank of India to return possession of secured assets, claiming he had repaid all dues. The bank contended that the petitioner had already filed a petition under Section 17 of the SARFAESI …
The borrower defaulted on a loan from UCO Bank, which led to an auction of four mortgaged properties; PHR Invent Educational Society (the appellant) was the highest bidder and paid the full consideration, after which the sale was confirmed and registered. The borrower filed a securitization …
The Central Bank of India conducted an e‑auction of a secured asset under the SARFAESI Act and the successful bidder, Shanmugavelu, deposited 25% earnest‑money. After being granted a 90‑day extension, he failed to pay the balance and the bank forfeited the entire deposit under Rule 9(5) of the …
The borrower (G. Vikram Kumar) failed to repay a loan to State Bank of Hyderabad, which invoked Section 13(4) of the SARFAESI Act and attached the borrower's properties. The Debt Recovery Tribunal (DRT) allowed the bank to sell the properties but excluded seven flats; Flat No.6401 was not among …
The appellants, South Indian Bank Ltd. and others, appealed against the Kerala High Court’s orders allowing borrowers to defer loan repayment under the SARFAESI Act. The borrowers had filed writ petitions under Article 226 challenging notices issued under Sections 13(2) and 13(4) of the SARFAESI …
The State Bank of India, as authorized officer, conducted an e‑auction of a secured asset of a defaulting borrower. The highest bidder, C. Natarajan, paid 25% of the sale price but failed to pay the balance within the extended deadline and sought further extensions, which were refused. The officer …
Mrs. Leelamma Mathew purchased a secured property advertised as 54 cents in an auction conducted by Indian Overseas Bank under the SARFAESI Act. After paying the full consideration, she received possession of only 39.60 cents, the remaining 14.40 cents having been transferred earlier by the original …
The appellant, who claimed to be a tenant of a flat mortgaged by the borrower to Central Bank of India, sought to stay the bank’s possession of the secured asset under the SARFAESI Act. The bank had issued a notice under Section 13(2) of the SARFAESI Act and obtained an order under Section 14 for …
Agarwal Tracom Pvt. Ltd. purchased assets of a defaulting borrower at a public auction conducted by Punjab National Bank (PNB) under the SARFAESI Act. After failing to pay subsequent installments, the bank forfeited Agarwal's deposit pursuant to Rule 9(5) of the Security Interest (Enforcement) …
The Supreme Court examined whether a Company Court or an Official Liquidator can control the sale of secured assets by a secured creditor under the SARFAESI Act when the borrower is a company under winding up. Pegasus Assets Reconstruction Ltd, the secured creditor, sought to enforce its security …
Excel Dealcomm Pvt Ltd entered a private treaty agreement with Asset Reconstruction Company (India) Ltd (ARCIL) for the sale of immovable and movable assets under the SARFAESI Act. Excel filed a suit for specific performance in the Calcutta High Court, seeking issuance of a sale certificate that …
The State Bank of India advanced a Rs. 4.5 crore loan to the appellants on an equitable mortgage and, after default, issued a notice under Section 13(2) of the SARFAESI Act. The bank then filed an application under Section 14 before the Chief Metropolitan Magistrate, which ordered possession of the …
Bharat Steel Tubes Ltd. had borrowed money from Punjab National Bank and entered into a one‑time settlement, paying only part of the amount. It later engaged Assets Care Enterprises Ltd. (ACE) to pay the balance, and ACE assigned its rights to IFCI Ltd. IFCI invoked the SARFAESI Act to enforce …
Punjab and Sino Bank had granted cash credit facilities to Allied Beverage Company, which later became a non‑performing asset. The bank recovered the dues through the Debts Recovery Tribunal, which awarded interest at 18% per annum with monthly rests. The High Court modified this order, reducing the …
United Bank of India (the appellant) issued notices under Sections 13(2) and 13(4) of the SARFAESI Act and obtained an order under Section 14 against guarantor Satyawati Tondon, without first taking action against the borrower, Pawan Color Lab. The guarantor filed a writ petition under Article 226 …
The appellants, borrowers of a public sector bank, sought a one‑time settlement of their non‑performing loan under RBI guidelines, offering to pay Rs 345.31 lacs, but the bank demanded a higher amount and refused. The Debt Recovery Appellate Tribunal directed the bank to settle as per the RBI …
The respondents alleged that their son committed suicide after ICICI Bank's recovery agents forcibly repossessed his motorcycle, causing humiliation. A writ petition was filed seeking police action against the bank. The Delhi High Court ordered police reports, found them unsatisfactory, and directed …
