Resolution versus Penalisation: Is IBC Deviating from its Purpose?
by Shekhar Raj Sharma* and Akshita Grover**
SARFAESI Act 2002
SARFAESI Act does apply to fishing vessels; Co-operative Banks have discretion to choose recovery methods: Calcutta High Court
“Definition analysis of ‘vessel’ includes fishing vessels under the Merchant Shipping Act, triggering Section 31(d) exemption.”
Civil Court cannot have jurisdiction in matters covered under SARFAESI Act, 2002 just because fraud is alleged
Punjab and Haryana High Court: In this case, two revision petitions were disposed of together by a Single Judge Bench comprising of
Insolvency and Bankruptcy Code, 2016 prevails over SARFAESI Act, 2002: NCLAT
National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial),