Borrower must disclose being MSME to Avail Benefit: Supreme Court clarifies in MSME-SARFAESI Connected Case

The Supreme Court has clarified that a "borrower must disclose being an MSME to avail the benefit," in a connected case. The court's decision provides much-needed clarity on the matter. The ruling reinforces the principle that a borrower cannot claim a benefit without first fulfilling all the necessary requirements.