A Division Bench of the Delhi High Court recently held that an interim order granted by the Debts Recovery Appellate Tribunal during the pendency of appeal was not required to be extended in pursuance of remand, without a prima facie finding on the need for such an order. It observed: “If the same is accepted, then in every case where …
The Karnataka High Court has ruled that securities created in 'Coffee plantations' can be enforced for the realization of debts as coffee plantations would not come within the scope and ambit of agricultural land, under the SARFAESI Act, insofar as the State of Karnataka is concerned. A division bench of Justice B V Nagarathna and Justice Nataraj Rangaswamy said: "The …
