![SARFAESI Act Prevails Over Tax Claims: Madras HC Directs Registration of Property Sale Certificate [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Supreme-Court-DRT-limited-Section-134-of-SARFAESI-Property-Ownership-Taxscan.jpg "SARFAESI Act Prevails Over Tax Claims: Madras HC Directs Registration of Property Sale Certificate [Read Order]")
SARFAESI Act Prevails Over Tax Claims: Madras HC Directs Registration of Property Sale Certificate [Read Order]
The Madras High Court has held that the rights of secured creditors under the SARFAESI Act take precedence over tax claims by revenue authorities,...
![Civil Suit for Declaration as Null and Void barred u/s 34 of SARFAESI Act when Bank Account declared as NPA: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Civil-Suit.jpg "Civil Suit for Declaration as Null and Void barred u/s 34 of SARFAESI Act when Bank Account declared as NPA: Allahabad HC [Read Order]")
![Â SARFAESI Act & RDB Act Prevail Over Section 24 of TNGST Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/SARFAESI-Act-RDB-Act-Prevail-Section-24-of-TNGST-Act-Madras-HC-TAXSCAN.jpg "Â SARFAESI Act & RDB Act Prevail Over Section 24 of TNGST Act: Madras HC [Read Order]")
Secured Creditor Is Liable To Pay Liquidator's Fees Under Rule 21A Of IBC Liquidation Regulations: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the fee of the liquidator has to be paid within 90 days from the liquidation commencement date as provided...
Security Interest shall Stand Relinquished On Default Payment of Liquidation Costs as per 21A(3) of Liquidation Regulations: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) has held that if the secured creditor fails to pay the liquidation costs within 90 days after its intention to realise the...
Writ Petition against NBFC u/s 14(2) SARFAESI Act not maintainable: Delhi HC suggests DRT Approach [Read Order]
The Delhi High Court disposed the Writ Petition against Non-Banking Financial Company (NBFC) under section 14(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of...
Banks/NBFCs required to Follow MSME Restructuring Process before NPA Classification: Supreme Court reverses Bombay HC decision [Read Judgement]
The Supreme Court ruled that the banks and NBFCs ( Non-Banking Financial Corporations ) are required to follow the restructuring process of the MSMEÂ as contemplated in the Notification dated 29th...
Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]
The Mumbai bench of the National Company Law Tribunal ( NCLT ) held that notice issued by the State Bank of India ( SBI ) , the Financial creditor to Corporate Debtor recalling loan facility not...
![Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/SBI-SBI-to-form-Committee-to-Tackle-Co-Lending-Issues-Finance-Ministry-directs-SBI-Finance-Ministry-SBI-news-Taxscan.jpg "Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]")
Income Tax Dues Pending against Borrowers not a Bar for Property Registration Purchased in Auction of Bank : Karnataka HC [Read Order]
The Karnataka High Court ruled that the income tax dues pending against borrowers is not a bar for registering property purchased in an auction conducted by the Canara Bank. The court directed the...
![Income Tax Dues Pending against Borrowers not a Bar for Property Registration Purchased in Auction of Bank : Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/karnataka-high-court-income-tax-dues-property-registration-pending-tax-liability-property-auction-reistration-taxscan.jpg "Income Tax Dues Pending against Borrowers not a Bar for Property Registration Purchased in Auction of Bank : Karnataka HC [Read Order]")