ARTICLE · 20 FEBRUARY 2025

SARFAESI Newsletter | February 2025

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Welcome to the SARFAESI Newsletter for February 2025. This edition highlights significant recent legal developments under the SARFAESI Act and related financial statutes.

IndiaLitigation, Mediation & Arbitration

Ravi Charan Pentapati

L Venkateswara Rao

Grancy Bonam

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Welcome to the SARFAESI Newsletter for February 2025. This edition highlights significant recent legal developments under the SARFAESI Act and related financial statutes. We explore key rulings, including DRAT & High Courts decision on jurisdiction of DRT & Civil Court, timelines for replying to the objection of borrower, initiation of simultaneous proceedings, monetary threshold. These insights provide valuable guidance for navigating the evolving landscape of financial dispute resolution and recovery mechanisms.

1. Declaration and jurisdiction of DRT

Central Bank of India and Anr. Vs. Smt. Prabha Jain and Ors

In a recent Supreme Court judgement, a question arose as whether Debt Recovery Tribunal (DRT) has jurisdiction to grant a declaration with respect to mortgage deed or sale deed.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

SARFAESI Newsletter | February 2025

1. Declaration and jurisdiction of DRT

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