Browsing Tag

Debt recovery

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Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums

Bombay HC Lets IL&FS Chase HDIL’s ₹204 Crore Loan from Main Borrower Despite Insolvency Shield

Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums
In a powerful pro-homebuyer verdict, the Bombay High Court has held that allottees are “generally very vulnerable” and cannot be placed on equal footing with promoters, clearing the way for withdrawal of deposited refund amounts during developer appeals.

High Court Rules: Those Who Didn’t Take Home Loan Cannot Be Forced to Pay

In a December 2025 ruling, Bombay High Court held that persons who never took a home-loan — such as flat-sellers who refunded buyers — cannot be forced to pre-deposit dues under SARFAESI, striking down earlier DRAT orders that demanded such deposits.