SARFAESI Act applicable to Cooperative Banks: Constitution Bench of Supreme Court rules

SARFAESI Act applicable to Cooperative Banks: Constitution Bench of Supreme Court rules
Cooperative Bank Judgment

A five judge Constitution Bench of the Supreme Court today held that co­operative banks come under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Act 2002 (SARFAESI Act) [Pandurang Ganpatii Chaugule v. Vishwasrao Patil Murgud Sahakari Bank Limited].

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