Resolving inter-se disputes between financial institutions and investors through mandatory arbitration in case of enforcement under SARFAESI Act: Landmark Supreme Court ruling in Bank of India v. Sri Nangli Rice Mills Private Limited settles the law
Authors: Mr. Ajay Shaw and Mr. Soham Mookherjee In cases where multiple banks and financial institutions lend to a corporate debtor against security created over the same asset, disputes amongst the lenders often arise, especially regarding the enforcement of security interests. The Hon’ble Supreme Court of India, in its order dated May 23, 2025, in the […]