Supreme Court · 2015 INSC 947 · Decided 29 December 2015
Pegasus Assets Reconstruction P. LTD. v. M/S. Haryanaconcast Limited &ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 947 · [2015] 15 S.C.R. 102
- Case number
- CIVIL APPEAL No. 3646/2011
- Decided
- 29 December 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 529A; SARFAESI Act Section 13
Headnote
Securitization and Reconstruction of Financial Assets C and Enforcement of Security Interest Act, 2002 - ss. 9, 13, 17 and 18 - Sale of secured asset by a secured creditor under the SARFAESI Act- Whether can be controlled by company court either directly or through an There is no lacuna or ambiguity in the SARFAESI Act so as D to borrow anything from Companies Act - The required provisions of the Companies Act have been incorporated in the SARFAESI Act for harmonizing this Act with the Companies Act - Therefore, there is no reason to take recourse to any
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