The Supreme Court ruled that a writ petition challenging proceedings launched by private banks/Asset Reconstruction Companies under the SARFAESI Act is not maintainable. A bench of Justices MR Shah and BV Nagarathna said that If proceedings are initiated under the SARFAESI Act and/or any proposed action is to be taken, and the borrower is aggrieved
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
