https://www.taxtmi.com/caselaws?id=114062 The court upheld the respondent's actions under the SARFAESI Act as valid and lawful, dismissing the writ petition. It determined that the respondent, a financial institution, could proceed under Section 13 of the SARFAESI Act, finding no bar from the SFC Act or the SICA. The court clarified that the respondent met the requirement of representing 75% of secured creditors and that the amendment to the SICA applied during the ongoing reference before the BIFR. en-us Tue, 06 Feb 2007 00:00:00 +0530 Thu, 10 May 2012 16:53:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114062 The court upheld the respondent's actions under the SARFAESI Act as valid and lawful, dismissing the writ petition. It determined that the respondent, a financial institution, could proceed under Section 13 of the SARFAESI Act, finding no bar from the SFC Act or the SICA. The court clarified that the respondent met the requirement of representing 75% of secured creditors and that the amendment to the SICA applied during the ongoing reference before the BIFR. Case-Laws Companies Law Tue, 06 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114062