Tag Archives: Recovery of Debt

[Case Brief] Sadashiv Prasad Singh v/s Harender Singh & Others, 2014

Brief Facts and Procedural History: A loan of Rs 12.70 lakhs was sanctions to M/s. Amar Timber Works, a partnership firm, by the Allahabad Bank (‘Bank’) in the year 1989. This partnership firm comprised of three partners, Jagmohan Singh, Payam Shoghi and Dev Kumar Sinha. Certain properties were mortgaged by the partners to secure the […]

The provision of appeal under Section 17 of the SARFAESI Act is illusory. [Mardia Chemicals Ltd. Etc. Etc vs. U.O.I. & Ors. Etc. Etc]

Mardia Chemicals Ltd. Etc. Etc vs. U.O.I. & Ors. Etc. Etc  Transfer Case (civil) 92-95 of 2002 Before the Supreme Court of India Bench: CJ. Brijesh Kumar, Justice Arun Kumar. Relevant Acts/ Statutes:        Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Recovery of Debts due to Banks and Financial Institutions […]