Search Results for Tag : Recovery proceedings

Judgments

In absence of any specific provision for priority of the dues under MSMED Act, dues under MSMED Act would not prevail over the SARFAESI Act(05.01.2023)

The secured creditor, Kotak Mahindra Bank Limited has preferred the present appeal feeling aggrieved with the impugned judgment and order passed by th.....

Tags : Recovery proceedings, Overriding effect, Provision

News

Supreme Court: Speedy Recovery Proceedings Is the Need of the Day(19.04.2017)

SC, while upholding Rule 5 of MP Micro & Small Enterprises Facilitation Council Rules, 2006, which provides for recovery of amount for which award is .....

Tags : Supreme Court, Speedy Recovery Proceedings

Gujarat HC Declines Plea to Restrain Recovery Measures(23.03.2020)

Gujarat High Court has dismissed a Petition, seeking that all banks and financial institutions be directed not to initiate any auction/recovery procee.....

Tags : Gujarat High Court, Recovery Proceedings

NCLAT: Recovery Proceedings before DRT doesn’t Prohibit Financial Creditors from Filing App. u/s 7(17.01.2025)

NCLAT New Delhi bench has held that if recovery proceedings have been initiated before the Debt Recovery Tribunal (DRT) it does not prohibit Financial.....

Tags : NCLAT New Delhi, Financial Creditors, Recovery Proceedings

Karnataka HC Disposes Off Recovery Proceedings Against Transport Corporation Employees(15.09.2021)

Karnataka High Court has disposed off a petition seeking to recover the revenue loss from Unions and Employees of the Bangalore Metropolitan Transport.....

Tags : Karnataka High Court, Recovery Proceedings Against Transport Corporation Employees

Del HC: Scope of Writ Jurisdiction Cannot be Allowed to Trounce the Statutory Obligation(16.08.2023)

Delhi High Court while observing that scope of writ jurisdiction can’t be allowed to trounce the statutory obligation, on the stratagem of efficacious.....

Tags : Delhi High Court, Writ Jurisdiction, SARFAESI, Recovery Proceedings