A Division Bench of Justices S Krishna Dixit and G Basavaraja clarified the application of provisos to Section 18 of the SARFAESI Act.
The Karnataka High Court recently answered a crucial question concerning a precondition for filing appeals before the Debt Recovery Appellate Tribunal (DRAT) in cases concerning proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) [G Corp Lotus Mall Pvt. Ltd. v. Axis Bank and ors].
Published : 11-Feb-2025
