![Delay in Challenging Ex-Parte Decree Not Condoned: DRAT upholds Recovery Order against Borrowers [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/500x300_2115557-delay-challenging-ex-parte-decree-condoned-drat-upholds-recovery-order-against-borrowers-taxscan.webp "Delay in Challenging Ex-Parte Decree Not Condoned: DRAT upholds Recovery Order against Borrowers [Read Order]")
Delay in Challenging Ex-Parte Decree Not Condoned: DRAT upholds Recovery Order against Borrowers [Read Order]
The Allahabad Bench of Debt Recovery Appellate Tribunal (DRAT) upheld the Debt Recovery Tribunal’s (DRT) ex-parte recovery decree passed in favour...
![90‑Day Irregularity under RBI IRACP Norms Established: Delhi HC Upholds Canara Bank’s NPA Classification as Lawful [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112363-rbi-iracp-npa-canara-bank-90day-irregularity-iracp-norms-classification-lawful-taxscan.webp "90‑Day Irregularity under RBI IRACP Norms Established: Delhi HC Upholds Canara Bank’s NPA Classification as Lawful [Read Order]")
![Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditors Rights: NCLAT rules in favour of IDBI Bank [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/250x150_2106655-idbi-bank-site-image.webp "Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditors Rights: NCLAT rules in favour of IDBI Bank [Read Order]")
DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) ruled that the existence of financial debt or the occurrence of default—the two main requirements for admitting a Section 7 petition...
![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC [Read Order]
In a significant ruling the Himachal Pradesh High Court observed that the departments of the State including Excise and Revenue do not have priority over secured creditors debt. The question in...
![Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Excise-Revenue-Creditors-Debt-HP-High-Court-Himachal-Pradesh-High-Court-Secured-Creditors-taxscan.jpg "Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC [Read Order]")
Relief to SBI, Disallowing Registration of Sale Certificate and Mutation Dehors Provision of SARFAESI Act: Himachal Pradesh HC [Read Order]
As a relief to the State Bank of India (SBI), the Himachal Pradesh High Court has held that disallowing registration of sale certificates and mutation dehors provision of the Securitisation and...
Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]
The Gujarat High Court has held that the revision under section 263 of the Income Tax Act, 1961 without any tangible material is not valid and set aside the proceedings against Axis Bank. The...
![Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Revision-Tangible-Material-Material-Gujarat-High-Court-Proceedings-Axis-Bank-Taxscan.jpg "Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]")
