SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income  ||  SC: Excavators, Dumpers Etc Used Within Factories aren’t Motor Vehicles For Road Tax Purposes  ||  SC: Complaints Alleging Fraud under Companies Act Can Be Filed Only By SFIO, Not By Private Parties  ||  SC: Preventive Detention Cannot Override Bail and Requires Proof of a Threat to Public Order  ||  Supreme Court: Multiple Complaints Are Valid For Dishonour of Several Cheques in One Transaction  ||  SC: Bail Should Not be Refused Mechanically Nor Granted Based on Irrelevant Considerations  ||  Gujarat HC: Motor Accident Compensation Doesn’t Cover Medical Expenses Paid by Charity  ||  HP High Court: Panchayati Raj Elections Cannot Be Postponed Beyond Five-Year Term  ||  Ker HC: Victim Cannot File Second Appeal Seeking Special Leave Against Acquittal Under S.419(4) BNSS  ||  Delhi HC: Right to Higher or Professional Education is Fundamental and Cannot be Curtailed Lightly    

Karnataka HC: Coffee Estates Not Excluded from Application of SARFASEI Act - (05 Feb 2021)

BANKING

Karnataka High Court has held that the banks and other financial institutions can invoke provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 to recover loans borrowed by mortgaging coffee estates, declaring that the expression ‘agricultural land’ in the Act does not include lands on which plantation crops such as coffee are grown.

Tags : KARNATAKA HIGH COURT   COFFEE ESTATES  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved