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Thursday, November 5, 2015

SBI challenges JK High Court's order on SARFAESI Act.

SBI challenges JK High Court's order on SARFAESI Act.

In a significant development, country’s largest public sector 
bank- State Bank of India- has filed a Special Leave Petition 

in the Supreme Court challenging a judgment of the J&K 
High Court on Sarfaesi Act 2002. The J&K High Court had
 ruled that the Parliament-enacted Securitization and 
Reconstruction of Financial Assets and Enforcement of 
Security Interest (Sarfaesi) Act, 2002 was not applicable to 
Jammu and Kashmir.

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