#borrower rights

Madhya Pradesh High Court rules that a borrower of a vehicle is deemed an 'owner' under Section 163-A of the Motor Vehicles Act, entitling survivors to Rs. 1,00,000 compensation with 6% interest from the filing date. The ruling clarifies insurance liability extends to borrowers even in the absence of formal ownership transfer, reinforcing no-fault liability protections for accident victims.

Madhya Pradesh High Court holds that possession warrants under SARFAESI Act cannot be enforced while a securitization application is pending before DRT, preserving status quo until adjudication.

Rajasthan High Court holds that banks must allow borrowers a chance to repay dues before taking possession under SARFAESI Act, reinforcing procedural fairness.

Bombay High Court holds that Debts Recovery Tribunals have territorial jurisdiction under Section 17(1-A) SARFAESI Act for securitisation applications, clarifying procedural rights of borrowers.

Andhra Pradesh High Court holds that failure to disclose borrower's post-notice payments in Section 14 SARFAESI affidavit vitiates possession proceedings. Key precedent for financial institutions.