Non Performing Assets — Landmark Judgments

Landmark Judgments

Mardia Chemicals Ltd. vs. Union of India

2004

This Supreme Court judgment upheld the constitutional validity of the SARFAESI Act, 2002, rejecting challenges that the Act violated principles of natural justice and due process.…

Swiss Ribbons Pvt. Ltd. vs. Union of India

2019

The Supreme Court upheld the constitutional validity of the Insolvency and Bankruptcy Code, 2016, particularly the provisions allowing financial creditors to initiate insolvency…

Asset Reconstruction Company (India) Ltd. vs. Bishal Jaiswal

2016

The Supreme Court clarified the scope of SARFAESI Act provisions regarding sale of assets by Asset Reconstruction Companies. The judgment established that ARCs have the same…