Limitation period applicable for challenging possession under SARFAESI Act: What Gujarat High Court held

Meera Emmanuel October 9 2019
grant-in aid institutions

A recent ruling of the Gujarat High Court makes pertinent observations concerning the limitation period applicable in filing applications challenging possession of secured property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI Act), 2002.

In this regard, Justice Biren Vaishnav's judgment in the case of Manglesh Champaklal Gandhi v Aditya Birla Finance Ltd holds,

  • The Debt Recovery Tribunal (DRT) has the power to condone delay under Section . . .

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