The article features legal questions that arose from the cases related to the Loan or Debt recovery cases by the Bank. The description with summary details with important points has been raised with each case featured. The cases heard through video conferencing method during the ongoing national lockdown due to COVID-19 pandemic Debt Recovery Proceedings … Continue reading Loan Recovery By Banks Some Latest Judgments
The article is based upon the judgement by Hon’ble Chief Justice Mr P.R.P. Menon and Hon’ble Justice Mr P.P. Sahu of the High Court of Chhattisgarh in Shri Mohan Products Pvt. Ltd. and Others vs State Bank of India and others. The judgement describes a peculiar situation where the Debt Recovery Appellate Tribunal (DRAT) rejects … Continue reading How Much Should Be The Amount Of Deposit For Filing an Appeal Before The Debt Recovery Appellate Tribunal?
The article discusses the legal situations the buyer has to go through in executing an agreement for the sale of immovable property. In such situations, the seller forfeits in performing his part of liabilities as per the agreement and does not execute the sale deed in favour of the buyer. The buyer has to file … Continue reading Specific Performance for the Sale of Immovable Property [Latest Judgements]
The Debt Recovery Proceedings are proceedings which provide relief to the Organized Lending companies such as Banks, Non-Banking Financial Corporations or other recognized credit agency by Government. The laws which govern these proceedings are Recovery of Debt and Bankruptcy Act, 1993 ('RDBI Act'), the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest … Continue reading Latest Judgments From Debt Recovery Proceedings & SARFAESI Act
The Banks are the life and blood of the economy, their business to provide and infuse credit into the market promote growth which in consequence bring prosperity into the economy. But this form of business of lending may also lead to credit defaulters in the market which consequently damages the credit business. The Banks which … Continue reading How Banks Recover Debts Through Secured Assets?