Live Help
A new Generation of research begins with a new Research Platform. Try New
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :


Thank you for your details

Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session

Civil Court has no jurisdiction to try suit apropos of SARFAESI proceedings due to statutory bar u/s 18 of RDDBI Act

June 8, 2021[2021] 127 631 (Madras)

FEMA & BANKING : Where due to non-payment of loan amount, account maintained by second and third respondents with petitioner bank was declared as non-performing assets and petitioner invoked provisions of SARFAESI Act and sold suit property, Civil Court had no jurisdiction to try suit filed by first respondent for bare injunction as against petitioner in view of statutory bar under section 18 of Recovery of Debts Due to Banks and Financial Institution Act, 1993 and Section 34 of the SARFAESI Act, 2002

read more
Best view in 1140 x 768