Delay in disposal of SARFAESI Act applications impacts financial health of country: Bombay High Court

The Court issued directions to streamline the disposal of applications filed under Section 14 of the SARFAESI Act and to effectuate the intent of the legislation.
Bombay High Court
Bombay High Court

The Bombay High Court recently observed that delay in disposal of applications filed by secured creditors under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act impacts the financial health of the country. [L&T Finance Limited v. State of Maharashtra & Ors]

Loading content, please wait...
Bar and Bench - Indian Legal news