![Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against Corporate Debtor [Read Order]](https://images.taxscan.in/h-upload/2026/03/23/2129936-temporary-relief-by-bank-cannot-nullify-default-nclt-upholds-cirp-application-against-corporate-debtor.webp "Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against Corporate Debtor [Read Order]")
Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against Corporate Debtor [Read Order]
The National Company Law Tribunal (NCLT) Indore bench admitted the Corporate Insolvency Resolution Process (CIRP) petition and held that temporary...
![DRT Dismisses Securitisation Application as Not Maintainable Following Withdrawal of Writ Petition Without Liberty [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128227-drt-dismisses-securitisation-application-taxscan.webp "DRT Dismisses Securitisation Application as Not Maintainable Following Withdrawal of Writ Petition Without Liberty [Read Order]")
![SARFAESI and RDDBFI Proceedings Distinct and cannot be Clubbed: DRAT Allows Canara Banks Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/2122700-sarfaesi-and-rddbfi-proceedings-distinct-and-cannot-be-clubbed-drat-allows-canara-banks-appeal-taxscan.webp "SARFAESI and RDDBFI Proceedings Distinct and cannot be Clubbed: DRAT Allows Canara Banks Appeal [Read Order]")
![Withdrawal of SARFAESI Notice Does Not Invalidate Recovery Certificate: NCLAT Allows SBIs Insolvency Petitions Against Guarantors [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/2117325-withdrawal-sarfaesi-notice-does-not-invalidate-recovery-certificate-taxscan.jfif "Withdrawal of SARFAESI Notice Does Not Invalidate Recovery Certificate: NCLAT Allows SBIs Insolvency Petitions Against Guarantors [Read Order]")
![SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115827-sbi-appeal-allowed-borrowers-entitled-compensation-sarfaesi-section-19-actual-possession-rules-drat-taxscan.webp "SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]")
NCLT alone has Jurisdiction Over Personal Guarantor Insolvency when CIRP Is Pending: Bombay HC orders Transfer of Proceedings
The Bombay High Court held that insolvency proceedings against personal guarantors must be filed before, or transferred to, the National Company Law Tribunal (NCLT) when the corporate debtor is ...
SARFAESI Notice Deemed Valid Invocation: NCLT Orders Insolvency Against Personal Guarantor [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted an application to initiate the insolvency resolution process against a personal guarantor, holding that a notice issued under the...
![SARFAESI Notice Deemed Valid Invocation: NCLT Orders Insolvency Against Personal Guarantor [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/2109238-sarfaesi-deemed-valid-invocation-nclt-insolvency-personal-guarantor-taxscan.webp "SARFAESI Notice Deemed Valid Invocation: NCLT Orders Insolvency Against Personal Guarantor [Read Order]")
Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantor's Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]
The Delhi High Court has dismissed a writ petition filed by a guarantor against Punjab National Bank (PNB) and Canara Bank, imposing a cost of Rs. 1 lakh for what it termed an "abuse of process"...
![Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantors Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/2109265-pnb-cestat-cenvat-credit-input-services-taxscan.webp "Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantors Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]")
![DRAT Condones 46-Day Delay in SARFAESI Application Due to Medical Issues [Read Order]](https://images.taxscan.in/h-upload/2025/11/25/2107886-sarfaesi-act-sarfaesi-application-delay-taxscan.webp "DRAT Condones 46-Day Delay in SARFAESI Application Due to Medical Issues [Read Order]")
Property not Proven as Agricultural Land: DRAT dismisses Appeal against PNB in SARFAESI Case [Read Order]
The Debts Recovery Appellate Tribunal ( DRAT ) in Chennai has dismissed two appeals filed by a borrower against Punjab National Bank on citing failure to prove the property as agricultural land. ...
![Property not Proven as Agricultural Land: DRAT dismisses Appeal against PNB in SARFAESI Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/2108357-sarfaesi-act-taxscan.webp "Property not Proven as Agricultural Land: DRAT dismisses Appeal against PNB in SARFAESI Case [Read Order]")
Relief to Aditya Birla Capital: Himachal Pradesh HC Sets Two-Month Deadline for Pending SARFAESI Plea [Read Order]
The Himachal Pradesh High Court has provided relief to Aditya Birla Capital Ltd. by directing a lower court to decide its pending application under the SARFAESI Act, 2002, setting a two-month...
![Relief to Aditya Birla Capital: Himachal Pradesh HC Sets Two-Month Deadline for Pending SARFAESI Plea [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/2107043-bca4fc7f-3777-4bb1-ac98-e91a1099367e.webp "Relief to Aditya Birla Capital: Himachal Pradesh HC Sets Two-Month Deadline for Pending SARFAESI Plea [Read Order]")
Relief to ICICI Home Finance: Chhattisgarh HC Raps Tehsildar for Delay, Calls SARFAESI Action a "Ministerial Step" [Read Order]
In a ruling in favour of ICICI Home Finance Company Limited, the Chhattisgarh HighCourt has directed the Tehsildar to comply with a possession order under the SARFAESI Act, emphasising that the duty...
![Relief to ICICI Home Finance: Chhattisgarh HC Raps Tehsildar for Delay, Calls SARFAESI Action a Ministerial Step [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/2106686-sarfaesi-act-chhattisgarh-high-court-icici-home-finance-taxscan.webp "Relief to ICICI Home Finance: Chhattisgarh HC Raps Tehsildar for Delay, Calls SARFAESI Action a Ministerial Step [Read Order]")