The Supreme Court has upheld a Bombay High Court ruling allowing ARCs to replace banks in pending cheque dishonour cases after acquiring loans and related securities under the SARFAESI Act.
SC upholds ARCs' right to replace banks in pending cheque dishonour cases
BU
Business Standard - LatestBy Bhavini Mishra
EXECUTIVE SUMMARY
The Supreme Court has upheld a Bombay High Court ruling allowing ARCs to replace banks in pending cheque dishonour cases after acquiring loans and related securities under the SARFAESI Act.
Key Takeaways
- SC upholds ARCs' right to replace banks in pending cheque dishonour cases.
- The Supreme Court has upheld a Bombay High Court ruling allowing ARCs to replace banks in pending cheque dishonour cases after acquiring loans and related securities under the SARFAESI Act.
- The Supreme Court has upheld a Bombay High Court ruling allowing ARCs to replace banks in pending cheque dishonour cases after acquiring loans and related securities under the SARFAESI Act.
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Published originally on Business Standard - Latest
