Banking, SARFAESI & Debt Recovery judgments · Batch 33

8 court rulings, each linked to its complete public judgment copy. All topics · Search judgments

1. Kanumuru Indira Priyadarshini and Ors v. The Superintendent of Police
   Madras High Court · 2026-07-08 · Crl.O.P No. 27727 of 2024 and connected cases · Ind Barath Power Gencom's directors could not quash the CBI's bank fraud FIR because SBI withdrew its fraud tag; an FIR needs no prior hearing.
2. Vivimed Labs Limited v. The Central Bureau of Investigation, Rep. by its Head of the Department/Director & others
   Telangana High Court · 2026-06-10 · WRIT PETITION No. 1843 OF 2026 · an interim order suspending a bank's fraud classification of Vivimed Labs' loan did not bar the CBI's FIR, searches or investigation.
3. Branch Manager, State Bank of India v. Smt. Rashmi Shrivastava & Anr.
   Chhattisgarh High Court · 2026-06-25 · WP227 No. 710 of 2026 · SBI was deficient in service for not telling a home-loan borrower that the insurer had rejected his credit-life proposal.
4. M.P Jackson v. The Reserve Bank of India and Ors
   Kerala High Court · 2026-07-03 · WP(C) No. 3275 of 2026 · the RBI need not hear a co-operative bank's board before superseding it under section 36AAA, but must consult the State Government.
5. OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED v. THE OFFICIAL LIQUIDATOR OF M/S. BPL ENGINEERING LIMITED, THE DEPUTY COMMERCIAL TAX OFFICER, PATAN CHERU SANGAREDDY CIRCLE
   Karnataka High Court · 2026-07-03 · COMPANY APPLICATION NO. 49 OF 2025 · the Andhra Pradesh sales tax first charge is not displaced by a secured creditor's priority under section 26E of the SARFAESI Act.
6. Monoranjan Roy v. SBI Stressed Assets Resolution Group & Ors.
   Calcutta High Court · 2026-07-02 · W.P.A. No. 978 of 2026 · a bank's show cause notice proposing to classify a borrower's account as fraud was quashed.
7. Mane Finance Private Limited v. Reserve Bank of India & The Appellate Authority
   Bombay High Court · 2026-06-09 · WRIT PETITION NO.1091 OF 2021 · the RBI's cancellation of Mane Finance's NBFC registration for negative net owned funds was upheld; the court would not substitute its view.
8. BSES Rajdhani Power Limited & Anr. v. Government of NCT of Delhi & Ors.
   Delhi High Court · 2026-06-22 · W.P.(C) 8283/2026 · BSES Rajdhani and Yamuna could not block, at show-cause stage, the Delhi Government's notice proposing a CAG audit under section 20.