Case Law Analysis
|Bombay High Court
SARFAESI Act Barred for MSME Borrowers | Bombay HC Relies on Supreme Court Precedents on Jurisdictional Limits : Bombay HC
Bombay High Court holds that SARFAESI Act proceedings cannot be initiated against borrowers classified as MSMEs under the MSME Development Act, 2006. The ruling reinforces Supreme Court precedents limiting secured creditors' recovery avenues, impacting banks' enforcement strategies for MSME loans.