📊 Total: 8 judgments
The Supreme Court held that the SARFAESI Act provisions must be strictly complied with and any deviation renders the action invalid.
RBI issued revised guidelines on NPA classification, provisioning requirements, and asset quality review.
Supreme Court clarified that the period for filing complaint under Section 138 starts from the date of receipt of notice.
Delhi High Court held that DRT has jurisdiction to entertain applications even after possession is taken under SARFAESI.
Updated regulations for Asset Reconstruction Companies regarding capital adequacy and recovery processes.
Bombay High Court ruled that Section 13(2) notice must contain all material particulars for it to be valid.
RBI issued detailed guidelines on SMA-0, SMA-1, and SMA-2 classification for banks and NBFCs.
Supreme Court clarified the appeal process against DRT orders under the SARFAESI Act.