Banks Can Initiate Proceedings Under SARFAESI Act To Recover Loan If It Wasn't Party To Resolution Plan: Kerala High Court

The Kerala High Court ruled that banks can initiate proceedings under SARFAESI to recover a loan if it was not a party to a resolution plan. This decision clarifies the rights of banks in loan recovery. It ensures that legal interpretations are consistent. This ruling underscores the need for clear guidelines on insolvency and recovery procedures. It emphasizes the importance of upholding legal standards. The High Court's order reinforces legal principles.