SARFAESI Act proceedings not affected by orders passed under SEBI Act: Delhi High Court

The Court said that the SARFAESI Act creates a prioritization and says that the debts of the secured creditor are to be prioritised over any dues to the government or local authority.
Delhi High Court
Delhi High Court

The Delhi High Court recently held that proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) remain unaffected by orders passed under the Securities and Exchange Board of India Act, 1992 (SEBI Act).

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