Tag Archives: 2004

NPA definition constitutional: SC

In an important decision, the Supreme Court of India upheld the constitutional validity of amended definition of “non-performing assets” under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (“Act”) stating that the function of … Continue reading

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Sub clause (a) Sec 2(1)(o) SARFAESI Act violates Article 14: GHC

Declaring sub clause (a) of Section 2(1)(o) of The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 (“Act”) as discriminatory, a Division Bench of the Gujarat High Court recently ruled that creditors should not be … Continue reading

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