Category Archives: SARFAESI Act

Sarfaesi Act Judgments/Cases

Sarfaesi Act Judgments/Cases 2009 SCCL.COM 939(Case/Appeal No: Civil Appeal No. 4429 of 2009 With Civil Appeal No. 4433 of 2009) Authorized Officer, Indian Overseas Bank and another Appellants Vs. M/s. Ashok Saw Mill Respondent, decided on 7/16/2009. Name of the Judge: Hon’ble Mr. Justice … Continue reading

Posted in Judgments, SARFAESI Act

SARFAESI Act, 2002 – Third Party Right

SARFAESI Act, 2002 – Third Party Right The object of SARFAESI Act, 2002 is very good aiming at reducing ‘Non-performing Asset”, the constitutional courts had to interpret the provisions of the Act dealing with many complicated issues and keeping in … Continue reading

Posted in Legal Article, Legal Essay, Legal Essay Competition 2011, SARFAESI Act

Sarfaesi Act 2002, Third Party Rights – Suggestions

Sarfaesi Act 2002, Third Party Rights – Suggestions Third Party Rights:- The present situation of third party rights in the SARFAESI Act is that, possession of third parties cannot be taken by adopting measure under Section13(4). Third party is not … Continue reading

Posted in Legal Article, Legal Essay, Legal Essay Competition 2011, SARFAESI Act

Sarfaesi Act/Rules

Sarfaesi Act/Rules THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 THE DEBT RECOVERY APPELLATE TRIBUNAL (PROCEDURE) RULES, 1994 THE SECOND SCHEDULE TO THE INCOME TAX ACT, 1961 THE SECURITISATION & RECONSTRUCTION OF FINANCIAL ASSETS & ENFORCEMENT … Continue reading

Posted in DRT Act, DRT Law, DRT Rules, SARFAESI Act

Setting up of Central Electronic Registry under the SARFESAI Act, 2002

Setting up of Central Electronic Registry under the SARFESAI Act, 2002 RBI /2010-11/484 DBOD.Leg. No.BC. 86/09.08.011 /2010-11 April 21, 2011 All Scheduled Commercial Banks/Financial Institutions (Excluding RRBs) Dear Sir, Setting up of Central Electronic Registry under the Securitisation and Reconstruction … Continue reading

Posted in RBI, SARFAESI Act

Enforcement of security interest

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Section 3. Enforcement of security interest (1) Notwithstanding anything contained in section 69 or section 69A of the Transfer of Property Act, 1882 (4 of 1882), any security interest created in favour of any … Continue reading

Posted in SARFAESI Act

Offences by companies

Securitisation and Reconstruction of Financial Assets andEnforcement of Security Interest Act, 2002, Section 33 Offences by companies (1) Where an offence under this Act has been committed by a company, every person who at the time the offence was committed was in charge of, and was … Continue reading

Posted in SARFAESI Act