Co-Operative Banks are covered under SARFAESI Act: SC [Read Judgment]

The constitutional bench of the Supreme Court of India held that the co­operative banks under the State legislation and Multi­ State co-­operative banks are ‘banks’ under section 2(1)(c) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. The writ petitions were filed questioning vires of the notification dated January […]

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