2020-TIOLCORP-07-SC-MISC UoI Vs Rajat Infrastructure Pvt Ltd
Whether where no amount is determined by the DRT, it is sine qua non for the appellant to pre-deposit 50% or 25% of the debt due as per section 18 of the SARFAESI Act, 2003 before DRAT can admit the appeal - YES: SC
Whether if the amount offered by the highest bidder during auction is below the value of the mortgaged property, the DRAT is entitled to entertain the appeal without deposit of any amount - NO: SC
- Appeals allowed: SUPREME COURT OF INDIA
2020-TIOLCORP-32-HC-DEL-MISC
Narender Kumar Nehra Vs Bhupinder Singh
Whether if offer in conformity with auction reserve price fixed has been accepted as minor financial gain which may result in, it cannot be the sole criteria for deviating from sale process - YES : HC
- Order passed in favour of Appellant: DELHI HIGH COURT
2020-TIOLCORP-31-HC-DEL-MISC
Parmeet Singh Chatwal Vs Ashwani Sahani
Whether failure of party to appear before arbitral tribunal during proceedings can be assumed as admission of allegation made against it - NO : HC
- Order passed in favor of petitioner: DELHI HIGH COURT |