Informative

Punjab & Haryana HC stays Proceedings under SARFAESI Act, till next hearing, subject to Depositing a...

Update / Judgement Date

10 Aug 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingRERA & Property Act

The Punjab and Haryana High Court has stayed proceedings under the SARFAESI Act, subject to depositing a sum of ₹10 lakh. The court's decision balances the rights of the borrower with the need for tax collection. The ruling provides a second chance to the borrower while ensuring that the government's revenue is protected.

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Punjab & Haryana HC stays Proceedings under SARFAESI Act, till next hearing, subject to Depositing a...

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