Mere Allegation of Fraud Not Sufficient to Attract Bar u/s 34 of the SARFAESI Act, rules SC

Recently, the Supreme Court observed that the bar u/s 34 of the SARFAESI Act regarding the filing of the civil suit will be applicable if the allegation of fraud were made without any particulars. In the instant case (Electrosteel Castings Limited v. UV Asset Reconstruction Company Limited), the High Court refused to entertain the plea

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