{"id":32651,"date":"2016-01-14T11:56:04","date_gmt":"2016-01-14T06:26:04","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=32651"},"modified":"2016-02-09T14:48:56","modified_gmt":"2016-02-09T09:18:56","slug":"company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/","title":{"rendered":"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act"},"content":{"rendered":"

Supreme Court:<\/strong> While answering the common question of law involved in the present appeal that whether a Company Court directly or through an official liquidator can interfere in a sale of secured assets made by the secured creditors as per the provisions of SARFAESI Act, 2002, the Division Bench of Vikramajit Singh and Shiva Kirti Singh, JJ., held that the Company Court or official liquidator cannot have any say in the sale of secured assets made by secured creditors under SARFAESI Act.<\/p>\n

The present appeals arose before the Court from two conflicting decisions of Punjab and Haryana High Court and Delhi High Court on the same issue. The Delhi High Court held that a Company Judge cannot interfere with the proceedings by a secured creditor under the SARFAESI Act; whereas the Punjab and Haryana High Court held the opposite. The counsel on behalf of appellant Anupam Lal Das relied on Section 13 of the SARFAESI Act, 2002 which granted a right to secured creditors to satisfy their debts without the intervention of the court or tribunal. It was further contended that there is inconsistency between Section 529A of the Companies Act, 1956 and Section 13 of the SARFAESI Act, 2002. The counsel on behalf of respondent Ravindra Bana contended that, once the assets comes under the official liquidator then these assets should be governed by Section 529A of the Companies Act, 1956 and other provisions of Companies Act which are in favour of the secured as well as unsecured creditors.<\/p>\n

The Court observed that the clear intention of Parliament for enacting SARFAESI Act, 2002 is to grant secured creditors the right to enforce their secured interest without the intervention of the Courts and the Tribunal. If the borrowers have any grievances against liquidation of secured assets then they have the right to seek redressal under Section 17 and 18 of the SARFAESI Act. Affirming the decision of the Delhi High Court on the issue, the Court further observed that the SARFAESI Act has sufficient provisions to protect the interest of the secured creditors and no interference is required from the side of a Company Judge or Official Liquidator under the Companies Act. [Pegasus Assets Reconstruction P. Ltd. v. Haryana Concast\u00a0 Limited <\/em>, 2015 SCC OnLine SC 1387<\/a><\/strong>, decided on 29.12.2015]<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Supreme Court: While answering the common question of law involved in the present appeal that whether a Company Court directly or through <\/p>\n","protected":false},"author":3,"featured_media":154914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[],"class_list":["post-32651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt"],"yoast_head":"\nCompany Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act\" \/>\n<meta property=\"og:description\" content=\"Supreme Court: While answering the common question of law involved in the present appeal that whether a Company Court directly or through\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-14T06:26:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-02-09T09:18:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sucheta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sucheta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/\",\"name\":\"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\",\"datePublished\":\"2016-01-14T06:26:04+00:00\",\"dateModified\":\"2016-02-09T09:18:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa\",\"name\":\"Sucheta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"caption\":\"Sucheta\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/legal_editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/","og_locale":"en_US","og_type":"article","og_title":"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act","og_description":"Supreme Court: While answering the common question of law involved in the present appeal that whether a Company Court directly or through","og_url":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2016-01-14T06:26:04+00:00","article_modified_time":"2016-02-09T09:18:56+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","type":"image\/jpeg"}],"author":"Sucheta","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sucheta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/","url":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/","name":"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","datePublished":"2016-01-14T06:26:04+00:00","dateModified":"2016-02-09T09:18:56+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/14\/company-judge-has-no-say-in-the-sale-of-secured-assets-made-by-secured-creditors-under-the-sarfaesi-act\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Company Judge has no say in the sale of secured assets made by secured creditors under the SARFAESI Act"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa","name":"Sucheta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","caption":"Sucheta"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/legal_editor\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":366699,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/14\/sarfaesi-act-secured-creditor-not-bear-for-police-assistance-expense-in-getting-possession-of-secured-assets-raj-hc\/","url_meta":{"origin":32651,"position":0},"title":"Section 14 SARFAESI Act | Magistrate cannot direct secured creditor to bear police assistance expense in getting secured assets’ possession: Rajasthan High Court","author":"Editor","date":"November 14, 2025","format":false,"excerpt":"\u201cThe police directed the petitioner to deposit Rs 6,34,383 for providing police assistance in taking possession of the secured asset whereas the loan amount to be recovered was only Rs 9,90,000.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"police expense in getting possession of secured assets","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":361237,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/09\/23\/remedy-for-secured-creditors-aggrieved-by-actions-under-section-134-of-the-sarfaesi-act-where-does-it-lie\/","url_meta":{"origin":32651,"position":1},"title":"Remedy for Secured Creditors Aggrieved by Actions under Section 13(4) of the SARFAESI Act: Where does it Lie?","author":"Editor","date":"September 23, 2025","format":false,"excerpt":"by Prashant Tripathi*","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"Secured Creditors Remedy under SARFAESI Act","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Secured-Creditors-Remedy-under-SARFAESI-Act.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":272627,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/30\/bombay-hc-s-14-sarfaesi-act-empowers-designated-authority-assist-secured-creditors-possession-secured-assets-legal-updates\/","url_meta":{"origin":32651,"position":2},"title":"Bombay High Court| S. 14 of SARFAESI Act empowers the Designated Authority only to assist secured creditors in taking possession of secured assets and nothing more","author":"Editor","date":"August 30, 2022","format":false,"excerpt":"Bombay High Court: While deciding the instantwrit petition wherein the issue was regarding transgression of Additional District Magistrate's jurisdiction under Section 14 of the SARFAESI Act; the Division Bench of A.S. Doctor and K.R. Shriram, JJ., observed that the jurisdiction of the Designated Authority under Section 14 of the SARFAESI\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Bombay High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":203304,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/10\/09\/approbation-and-reprobation-on-same-facts-not-allowed-appellant-taking-stand-under-sarfaesi-disallowed-to-change-to-transfer-of-property-act-sc\/","url_meta":{"origin":32651,"position":3},"title":"Approbation and reprobation on same facts not allowed; appellant taking stand under SARFAESI disallowed to change to Transfer of Property Act: SC","author":"Bhumika Indulia","date":"October 9, 2018","format":false,"excerpt":"Supreme Court: A Bench comprising of CJ Ranjan Gogoi and Navin Sinha and K.M. Joseph, JJ. dismissed an appeal filed against the appellate order whereby interference in the order of Company Judge was declined. The appellant was an assignee of debt by Industrial Finance Corpn. of India Ltd. for the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":348815,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/05\/27\/ports-authority-for-dues-recovery-has-right-over-other-secured-unsecured-creditors-bomhc\/","url_meta":{"origin":32651,"position":4},"title":"Port\u2019s authority, for recovery of dues, has right over other secured and unsecured creditors: Bombay High Court","author":"Simranjeet","date":"May 27, 2025","format":false,"excerpt":"The expenses incurred by the applicant, Mumbai Port, relate to the expenses for preservation of the vessels which were assets of the Company, GOL Offshore Ltd., incurred during the winding up proceedings.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Bombay High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":281333,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/10\/recoveries-under-sarfaesi-act-secured-assets-would-prevail-over-recoveries-under-msmed-act-recover-amount-under-award-legal-news-legal-research-updates-supreme-court\/","url_meta":{"origin":32651,"position":5},"title":"SARFAESI Act recoveries with respect to the secured assets to prevail over the recoveries under the MSMED Act: Supreme Court","author":"Editor","date":"January 10, 2023","format":false,"excerpt":"The Supreme Court considered the provisions of Section 15 to 23 read with Section 24 of the MSMED Act and the provisions of SARFAESI Act and stated that there is no repugnancy between the two enactments and no conflict between the specific subject of \u2018priority' . It, hence, upheld the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-36.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/32651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=32651"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/32651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154914"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=32651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=32651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=32651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}