IBC Misuse to Stall SARFAESI Action: HC Intervenes Against Defaulters | Biz Flow Kit
IBC Misuse to Stall SARFAESI Action: HC Intervenes Against Defaulters The dispute arose from recovery proceedings initiated by a bank against defaulting borrowers and guarantors in respect of a secured loan account. Despite issuance of notice under Section 13(2) of the SARFAESI Act as far back as March 2017 and multiple subsequent steps including symbolic…
