Search Results for Tag : Security Interest

News

Rajya Sabha Passes a Bill to Expedite Disposal of Debt Recovery Applications(10.08.2016)

Rajya Sabha has passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which amen.....

Tags : Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, Rajya Sabha

Supreme Court: Chief Judicial Magistrates Competent to Deal With Applications U/s 14 SARFAESI Act(24.09.2019)

In an important ruling, SC has held that a Chief Judicial Magistrate is equally competent to deal with the application moved by the secured creditor u.....

Tags : Supreme Court, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Chief Judicial Magistrate

Karnataka HC Upholds Constitutional Legality of Proviso (v) to S.14(1) SARFAESI Act(14.04.2022)

Karnataka High Court has upheld the Constitutional legality of proviso (v) Section 14(1) of the Securitization and Reconstruction of Financial Assets .....

Tags : Karnataka High Court, Constitutional legality, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

NCLAT: Secured Creditor Can’t Avoid Obligation towards Workmen dues when Security Interest Realised(10.07.2025)

NCLAT New Delhi bench has held that Secured Creditor cannot avoid obligation to contribute towards workmen dues out of the realised fund when the secu.....

Tags : NCLAT New Delhi, Secured Creditor, Security Interest

Rajasthan HC: Magistrate Can’t Order Secured Creditor to Pay Police Expenses For Asset Possession(04.11.2025)

Raj HC has held that a Magistrate cannot require a secured creditor to deposit police expenses for taking possession of a secured asset under Section .....

Tags : Creditor, Possession, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act

Kerala HC: “Debt Due” under Section 18(1) SARFAESI Act Includes Future Interest until Appeal Filing(27.10.2025)

Kerala HC held that under Section 18(1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (S.....

Tags : Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Demand Notice, Appeal

International Cases

A security interest in collateral is perfected, if the security interest is attached to the collateral(21.07.2023)

On 28 November 2022, Sky and Space Company Ltd (SAS) granted Celtic Capital Pty Ltd (Celtic) a security interest in its personal property. A registrat.....

Tags : Registration, Security interest, Time

Lok Sabha Passes Bill Seeking Expeditious Recovery of Bad Loans by Banks(02.08.2016)

Lok Sabha has passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which provid.....

Tags : Lok Sabha, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016

NCLAT: If Liquidation Cost Not Paid as Per Regulations, Security Interest Shall Stand Relinquished(11.12.2024)

NCLAT New Delhi bench has held that if the secured creditor does not pay the liquidation costs as per Regulation 21A(3) of the Liquidation Regulations.....

Tags : NCLAT New Delhi, Security Interest, Liquidation Cost

NCLAT: Can’t Interfere with CoC’s Commercial Wisdom to Distribute Amount Based on Security Interest(03.02.2025)

NCLAT New Delhi has observed that if the provisions of Insolvency and Bankruptcy Code, 2016 are complied with then there cannot be interference in the.....

Tags : NCLAT New Delhi, Commercial Wisdom, Security Interest

President Gives Assent to Recovery Laws(19.08.2016)

President has given assent to the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016.

Tags : President, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016