Provisions of SARFAESI Act 2002 would be applicable on all debts live and enforceable at time of enforcement of Act 2002
Court :
Supreme Court of India
Brief :
The proceedings under Arbitration & Reconciliation Act, 1996 and SARFAESI Act, 2002 can go hand in hand and matters on which SARFAESI Act,2002 are applicable can be referred to the Arbitration. The court further held that the provisions of SARFAESI Act,2002 would be applicable on all debts live and enforceable at the time of enforcement of the Act,2002.
Citation :
Civil Appeal No. 15147 of 2017 (Arising out of SLP(C) No.19559 of 2017)
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 173
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