Co-Op banks come under Sarfaesi Act: Supreme Court by Sekar Reporter · May 7, 2020 NewsIncrease FontDecrease FontSave NewsCancelSHARE THIS NEWSCancelCo-Op banks come under Sarfaesi Act: Supreme CourtPTI | May 6, 2020, 09.04 AM ISTAgenciesIt enables banks to reduce their non-performing assets by adopting measures for recovery or reconstruction.MUMBAI: The Supreme Court on Tuesday held that the cooperative banksinvolved in the activities related to banking are covered within the meaning of ‘banking company’ and Parliament has legislative competence to provide for procedure for recovery of loan under the Sarfaesi Act. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, allow banks and financial institutions to auction properties (residential and commercial) when borrowers fail to repay their loans. It enables banks to reduce their non-performing assets by adopting measures for recovery or reconstruction. A five-judge Constitution bench headed by Justice Arun Mishra said, “In our opinion, the framers of the Constitution cannot be said to have confined the meaning of ‘banking’ to a particular definition, as given in the Banking Regulation (BR) Act, 1949. The word ‘banking’ has been incorporated in Entry 45 of List I. The decision in Rustom Cavasjee Cooper (1970 verdict) vividly leaves no room for doubt that banking done by the cooperative bank is covered within the ambit of Entry 45 of List I”.
Judge Mahadevan ,judge v parthiban judge p t asha j பூங்காவுக்காக ஒதுக்கப்பட்ட பகுதியில் சுற்றுச்சூழலுக்கு பாதிப்பில்லாத வகையில் குப்பைக்கிடங்குகளை அமைக்கலாம் என சென்னை உயர்நீதிமன்றம் உத்தரவிட்டுள்ளது October 7, 2021 by Sekar Reporter · Published October 7, 2021
its recent order, the Madras High Court refused to interfere with a Government order for free distribution of raw rice to mosques, during the holy month of Ramzan. April 29, 2020 by Sekar Reporter · Published April 29, 2020
[2/28, 12:09] Sekarreporter 1: [2/28, 12:05] N. Ramesh Ed Advt: இல்லாத அல்லது இறந்து விட்ட ஒரு நபரின் அதிகார முகவர் என சொல்லி ரிட் மனு தாக்கல் செய்து வழக்கு நடத்தி வந்தவரின் மீது நீதிமன்ற அவமதிப்பு நடவடிக்கை. வழக்கு தள்ளுபடி. ரூ. 1 லட்சம் அபராதம். நீதிபதி சி.வி.கார்த்திகேயன் உத்தரவு. [2/28, 12:09] Sekarreporter 1: Super [2/28, 12:10] Sekarreporter 1: For petner advt name sir [2/28, 12:11] N. Ramesh Ed Advt: COURT NO. 09 The Honourable Mr Justice C.V. KARTHIKEYAN TO BE HEARD ON FRIDAY THE 28TH DAY OF FEBRUARY 2020 Regular List Item 11.WP 8581/2015 K.Boopalan Vs. The Chairman CMWSSB -N Ramesh for CMWSSB February 28, 2020 by Sekar Reporter · Published February 28, 2020