Bank could not have continued the proceedings under the SARFAESI Act once the CIRP was initiated and the moratorium was ordered – Indian Overseas Bank Vs. M/s RCM Infrastructure Ltd. and another – Supreme Court

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Unless a Company or Firm has committed the offence as a principal accused, the persons mentioned in Section 141(1) or (2) of the Negotiable Instruments Act, 1881 would not be liable and convicted as vicariously liable – Dilip Hariramani Vs. Bank of Baroda – Supreme Court

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Whether NBFCs regulated by the RBI could also be regulated by State enactments – Nedumpilli Finance Company Ltd. Vs. State of Kerala & Ors. – Supreme Court

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What is pledge and the legal difference between ownership, pledge and mortgage – PTC India Financial Services Ltd. Vs. Venkateswarlu Kari and Another – Supreme Court

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Sale in favour of the Auction Purchaser could not have been set aside on ground alone that the escalation of the prices in property was not considered – Rajasthan Financial Corporation Jaipur and Others Vs. M/s Jain Bandhu Sneh Resorts Pvt. Ltd. and Another. – Supreme Court

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No separate Stamp Duty is required under the Bombay Stamp Act, 1958 on Power of Attorney attached with the deed of loan assignment to an Asset Reconstruction Company (ARC) – Asset Reconstruction Co. (India) Ltd. Vs. Chief Controlling Revenue Authority – Supreme Court

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Landmark judgment – Whether the CMM/DM can appoint an advocate in exercise of powers under Section 14(1A) of the SARFAESI Act, 2002? – NKGSB Cooperative Bank Ltd. Vs. Subir Chakravarty & Ors. – Supreme Court

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Dues of the secured creditor will have priority over the dues of the Central Excise Department, as even after insertion of Section 11E in the Central Excise Act, 1944 and the provisions contained in the SARFAESI Act, 2002 will have an overriding effect on the provisions of the Central Excise Act of 1944 – Punjab National Bank Vs. Union of India & Ors. – Supreme Court

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