Borrower must disclose being MSME to Avail Benefit: Supreme Court clarifies in MSME-SARFAESI Connected Case [Read Order]
The Supreme Court has recently declined to entertain a writ petition by an MSME borrower seeking to halt SARFAESI enforcement, while clarifying how...
![High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074722-under-sarfaesi-act-initiated-prior-to-filing-petition-nclat-national-company-law-appellate-tribunal-taxscan.webp "High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]")
![‘HCs Should Refrain from Entertaining Article 226 Petitions Where SARFAESI Remedy Exists’: Patna HC in Indian Bank Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062464-hcs-should-refrain-from-entertaining-article-226-petitions-article-226-petitions-taxscan.webp "‘HCs Should Refrain from Entertaining Article 226 Petitions Where SARFAESI Remedy Exists’: Patna HC in Indian Bank Case [Read Order]")
![NCLAT Dismisses Appeal by Personal Guarantor in Bank of Maharashtra Case: Criticizes Casual Approach to IBC Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/250x150_2051898-nclat-personal-guarantor-bank-taxscan.webp "NCLAT Dismisses Appeal by Personal Guarantor in Bank of Maharashtra Case: Criticizes Casual Approach to IBC Proceedings [Read Order]")
ICAI reprimands CA Failing to Disclose SARFAESI Action, Misrepresents Company's Litigation Status in Audit Report [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) reprimanded a Chartered Accountant ( CA ) for failing to disclose the litigation status of a company in the audit report. Despite being aware...
Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]
In a significant case, the Bombay High Court the charge of the sales tax department to recover sales tax dues would be valid after recognition of the first charge of the assessee as a secured...
![Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Charge-Sales-Tax-Dept-Recover-Sales-Tax-Dues-Valid-Recognition-First-Charge-Assessee-Creditor-TAXSCANA.jpg "Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]")
Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) affirmed that the limitation period will not be extended in The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities...
![Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/NCLAT-Taxscan.jpg "Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]")
NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]
The Ministry of Finance has notified that Non-Banking Financial Institutions (NBFCs) having assets worth 100 Crore rupees and above can be conferred the status of Financial institutions. This comes...
![NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/NBFCs-Assets-Financial-Institutions-Investments-Taxscan.jpg "NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]")
