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SUPREME COURT OF INDIA
A.K. SIKRI, J
Indiabulls Housing Finance Limited – Appellant
Versus
M/s. Deccan Chronicle Holdings Limited and Others – Respondent
| Table of Content |
|---|
| 1. challenge of legality of proceedings under sarfaesi act. (Para 1 , 2) |
| 2. background on loan agreements and merger of entities. (Para 4 , 5 , 6) |
| 3. procedures followed by respondents and high court's interim orders. (Para 7 , 8 , 9) |
| 4. high court's reasoning on arbitration clauses affecting rights. (Para 10 , 11) |
| 5. court's analysis of applicability of sarfaesi act post-merger. (Para 12 , 15) |
| 6. doctrines of election and the nature of sarfaesi act. (Para 13 , 18) |
JUDGMENT
A.K. SIKRI, J.
This appeal preferred by Indiabulls Housing Finance Limited, in which the main contesting parties are M/s. Deccan Chronicle Holdings Limited and its Directors (other respondents are the proforma parties), questions the correctness and legality of the judgment and order dated February 04, 2014 passed by Reason: the High Court of Judicature of Andhra Pradesh at Hyderabad. The impugned judgment is passed by the High Court in the writ petition which was filed by the contesting respondents questioning the validity of actions taken by the appellant against the contesting respondents under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Int
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