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SARFAESI Ownership Transfer Completes Only on Sale Certificate Issuance, Not Auction Notice, Even Amid IBC Section 96 Interim Moratorium — Bombay High Court Explained
Overview of the Case (Key Takeaways) The Bombay High Court has delivered a crucial ruling clarifying ownership rights under SARFAESI and the Insolvency and Bankruptcy Code (IBC). Below are the key highlights for easy understanding: Ownership under SARFAESI does not transfer merely upon issuance of an auction notice Sale Certificate issuance is mandatory for completion of ownership transfer IBC Section 96 triggers an interim moratorium once insolvency proceedings commence A
prime8legal
Dec 15, 20253 min read
Fraudulent Loan Practices: SC Says RBI is the Right Forum
Illustration of RBI building with loan app and Supreme Court gavel, representing fraudulent loan practices in India.
prime8legal
Aug 5, 20252 min read
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