Whether security interest created under SARFAESI Act in respect of agricultural land can be enforced.
On July 20, 2018, the Hon’ble Supreme Court of India passed a judgment in the matter of Indian Bank v. K. Pappireddiyar (Civil Appeal No. 6641 of 2018 with Civil Appeal No. 6645 of 2018). The Hon’ble Supreme Court referred to clause (i) of Section 31 of Securitisation and Reconstruction…Continue Reading