Challenge to NPA classification and Section 13(2) demand notice is an independent cause of action and cannot be introduced by amendment in a Securitisation Application (SA) confined to a sale notice | Interlocutory relief cannot restrain future SARFAESI measures not impugned in the Securitisation Application – Challani Ranka Jewellery and Ors. Vs. Authorised Officer Indian Overseas Bank – DRT Chennai

Challenge to NPA classification and Section 13(2) demand notice is an independent cause of action and cannot be introduced by amendment in a Securitisation Application (SA) confined to a sale notice | Interlocutory relief cannot restrain future SARFAESI measures not impugned in the Securitisation Application – Challani Ranka Jewellery and Ors. Vs. Authorised Officer Indian Overseas Bank – DRT Chennai

(2026) ibclaw.in 276 DRT IN THE DEBT RECOVERY TRIBUNALChennai Challani Ranka Jewellery and Ors.v.Authorised Officer Indian Overseas Bank IA Dy […]

Source: Ibclaw
Read Full Story →