NCLAT upholds S. 95 Application against Personal Guarantor, Rejects Time-Bar Claim and Authorization Challenge [Read Order]
The Delhi Bench of National Company Law Appellate Tribunal ( NCLAT ) upheld the validity of the Section 95 application filed by State Bank of India,...
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]")
Secured Creditor cannot Proceed under SARFAESI Act Following Dismissal of Civil Suit for Recovery on Merits: Kerala HC [Read Order]
In a recent decision, the Kerala High Court observed that the secured creditor cannot proceed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,...
Bank Registered with CERSAI has Priority Over DCST against Proceeds of Enforcement under SARFAESI Act: Bombay HC [Read Order]
The Bombay High Court has held that lender bank registration with the Central Registry of Securitisation and Security Interest of India (CERSAI) has priority over Deputy Commissioner of Sales Tax (...
Charge of Secured Creditor Precedes Over Charge on Dues of Sales Tax under SARFAESI Act: Gujarat HC [Read Order]
The Gujarat High Court observed that the charge of secured creditor precedes over charge on dues of sales tax under the Securitisation and Reconstruction of Financial Assets and Enforcement of...
![Tax Judgments of Supreme Court Annual Digest 2023 [Part 2]](https://www.taxscan.in/wp-content/uploads/2024/01/Supreme-Court-tax-decisions-Supreme-Court-Supreme-Court-Annual-Digest-Tax-Judgments-Annual-Digest-2023-taxsscan.jpg "Tax Judgments of Supreme Court Annual Digest 2023 [Part 2]")