Tag Archives: debtor

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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Amount deposited in a decree to be adjusted first towards interest: SC

A Large Bench of the Supreme Court of India clarified that the amount deposited by the judgment debtor in a decree is to be adjusted first towards interest and not towards principal decretal amount. Going through a plethora of its … Continue reading

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