Debt owed to Financial Institutions Under SARFAESI Act is Arbitrable: Bombay HC [Read Order]

Debt owed to financial institutions under SARFAESI Act is arbitrable, rules Bombay High Court
By Kalyani B. Nair - On December 29, 2023 2:38 pm - 2 mins read
Debt - Financial Institutions - SARFAESI Act - Arbitrable-Bombay HC-TAXSCAN

In a recent ruling the Bombay High Court has held that the debt owed to financial institutions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), is arbitrable. The respondents in these proceedings have raised a fundamental objection regarding jurisdiction of this Court to entertain the two…

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