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Electrosteel Castings Ltd. v. UV Asset Reconstruction Company Ltd.

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002the allegations of ‘fraud’ are made without any particulars and only with a view to get out of the bar under Section 34 of the SARFAESI Act and by such a clever drafting the plaintiff intends to bring the suit maintainable despite the bar under Section 34 of the SARFAESI Act, which is not permissible at all and which cannot be approved.

Case Law Reference

  1. H.S Goutham v. Rama Murthy, (2021) 5 SCC 241
  2. Union of India v. K.C Sharma & Company, (2020) 15 SCC 209
  3. Canara Bank v. P. Selathal, (2020) 13 SCC 143
  4. Ram Singh v. Gram Panchayat Mehal Kalan, (1986) 4 SCC 364
  5. T. Arivandandam vs. T.V. Satyapal, (1977) 4 SCC 467
  6. Ladli Parshad Jaiswal v. Karnal Distillery Co. Ltd. (1964) 1 SCR 270
  7. Bishundeo Narain v. Seogeni Rai & Jagernath, (1951) SCR 548