Sarfaesi Act | Khurana and Khurana

SARFAESI ACT 2002

5th June, 2024 - 7:08 am Categories: Banking RBI

Introduction SARFAESI ACT STANDS FOR “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. Main aim of this act was to increase the capability of banks and non-banking organisations to liquidize the loan securities in case of non-repayment of loans. The act does so by two major steps , first, minimising the … Continue reading SARFAESI ACT 2002

Conundrum of Limitation Period under IBC and Inapplicability of the Doctrine of Election

25th January, 2024 - 7:05 am Categories: IBC

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Recently the Supreme Court in the case of Tottempudi Salalith v State Bank of India & Ors.[1] (Tottempudi Salaith) held that the doctrine of election cannot be applied to prevent a financial creditor to approach the National company law tribunal (NCLT) for initiating a Corporate Insolvency Resolution Process (CIRP) against the corporate debtor under Section … Continue reading Conundrum of Limitation Period under IBC and Inapplicability of the Doctrine of Election

In a Matter handled by KNK, the Hon’ble Allahabad High Court, as an interim measure, orders removal of seal on premises of the Petitioner involved in a Stamp Duty Dispute.

24th April, 2023 - 9:19 am Categories: Legal Issues

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Introduction A Writ Petition was filed by C&B Aroma’s (Petitioner) Partnership firm before the Hon’ble Allahabad High Court with regard to the attachment and sealing of its premises in Noida Special Economic Zonewhich was purchased by him from Bank through auction owing to SARFAESI[1] proceedings. The property of the Petitioner was sealed by the Commissioner … Continue reading In a Matter handled by KNK, the Hon’ble Allahabad High Court, as an interim measure, orders removal of seal on premises of the Petitioner involved in a Stamp Duty Dispute.

Liability Of Subsequent Purchaser Of A Property To Pay The Deficit Stamp Duty

14th April, 2023 - 11:02 am Categories: Stamp Duty

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Introduction Stamp duties are a type of tax imposed by legislative bodies on written instruments that document specific transactions, rather than the transactions per se. In India, the imposition of stamp duty on a written instrument was implemented as a means for the government to generate revenue. However, over time, the importance of stamp duties … Continue reading Liability Of Subsequent Purchaser Of A Property To Pay The Deficit Stamp Duty

Tag: Sarfaesi Act

SARFAESI ACT 2002

Conundrum of Limitation Period under IBC and Inapplicability of the Doctrine of Election

In a Matter handled by KNK, the Hon’ble Allahabad High Court, as an interim measure, orders removal of seal on premises of the Petitioner involved in a Stamp Duty Dispute.

Liability Of Subsequent Purchaser Of A Property To Pay The Deficit Stamp Duty

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