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january 2023

Supreme Court of India · 2023-01-05

Sidha Neelkanth Paper Industries Pvt. ... vs Prudent Arc Limited

Court
Supreme Court of India
Petitioner
Sidha Neelkanth Paper Industries Pvt. ...
Respondent
Prudent Arc Limited
Author
M.R. Shah
Bench
B.V. Nagarathna, M.R. Shah

Judgment text excerpt

The Supreme Court examined the interpretation of Section 18 of the SARFAESI Act in a group of appeals involving both borrowers and secured creditors challenging High Court judgments. The Court analyzed the statutory provisions and the scope of judicial review under the Act, emphasizing the importance of balancing borrower rights with creditor interests. The Court upheld the validity of the impugned orders and clarified the legal position regarding Section 18. The judgment consolidates the legal understanding of the procedural and substantive aspects of SARFAESI proceedings.

Sidha Neelkanth Paper Industries Pvt. ... vs Prudent Arc Limited · Niyam