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Informative

SARFAESI Proceedings to Recover Loan can be Initiated by Bank if it wasn’t Party to Resolution Plan: Kerala HC

Update / Judgement Date

03 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingInsolvency & Bankruptcy Code

The Kerala HC ruled that SARFAESI proceedings to recover a loan can be initiated by a bank if it was not a party to a resolution plan. This decision clarifies the rights of banks in loan recovery. It underscores the importance of legal procedures. This ruling reflects the court's emphasis on legal principles. It emphasizes the need for clarity in insolvency matters. The ruling aims to ensure fair treatment of banks