writ petitioner submitted that,
the appellant No. 1 was an NBFC. It did not have the jurisdiction or the
authority to institute SARFAESI proceedings ... larger
category of NBFCs and therefore, were categorised as an NBFC by the Reserve
Bank of India in various notifications and Master Circulars. He further
46954 of 2025, which is a
Non-Banking Financial Company (NBFC), has filed this writ
appeal invoking the provisions under Section ... Kamarudheen, availed
a loan for Rs.61,00,000/- from the respondent NBFC offering as
security the aforesaid property along with the building situated
therein
writ petitioner submitted that,
the appellant No. 1 was an NBFC. It did not have the jurisdiction or the
authority to institute SARFAESI proceedings ... larger
category of NBFCs and therefore, were categorised as an NBFC by the Reserve
Bank of India in various notifications and Master Circulars. He further
years work
experience in rural
areas.
Or
Having worked in a
registered
NBFC/MFI for
minimum 5 years
3. Learned Senior Counsel further submitted that ... years working
experience in rural areas or having worked in registered NBFC/MFI for
minimum five years". At the time of hearing, Learned Senior
banking financial company (NBFC), for a term of 180 months, for
the expansion of their business. A copy of the loan sanction
letter dated ... court to take physical possession
of the secured asset, the 1st respondent NBFC filed M.C.No.964
of 2024, under Section
Investment and Finance
Company Ltd., which is a Non-Banking Financial Company (NBFC),
and its Authorised Officer to regularise the loan availed ... Loan Account
No.BLTLCOCH000005027799, from the Cochin Branch of the said
NBFC, and to permit the petitioners to pay the overdue amount
declare NPA
(Non- Performing Assets) against the Petitioner.
iii. Direct the HFC/NBFC not to initiate any coercive action
inclusive of legal action against ... Enforcement of Security Interest Act, 2002 .
iv. Direct/order the Respondent HFC/NBFC to withdraw all
such cases/complaints filed against the petitioner, borrower,
coborrower
declare NPA
(Non- Performing Assets) against the Petitioner.
iii. Direct the HFC/NBFC not to initiate any coercive action
inclusive of legal action against ... Enforcement of Security Interest Act, 2002 .
iv. Direct/order the Respondent HFC/NBFC to withdraw all
such cases/complaints filed against the petitioner, borrower,
coborrower
declare NPA
(Non- Performing Assets) against the Petitioner.
iii. Direct the HFC/NBFC not to initiate any coercive action
inclusive of legal action against ... 2026 at 21:16:04
iv. Direct/order the Respondent HFC/NBFC to withdraw all
such cases/complaints filed against the petitioner, borrower,
coborrower
Registration of Non-Banking Financial Company, herein
after referred to as "NBFC".
2. The petitioner no. 1 is a NBFC operating ... feasible for the petitioner no.1 to continue operating the business of
NBFC as the petitioner no.1 is unable to make good profits from
