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Indian Laws - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

The classification of land in the revenue records as ...


Land's Agricultural Status Doesn't Define SARFAESI Act Applicability; Assess Based on Use, Nature, and Purpose.

August 14, 2018

Case Laws     Indian Laws     SC

The classification of land in the revenue records as agricultural is not dispositive or conclusive of the question whether the SARFAESI Act does or does not apply. Whether a parcel of land is agricultural must be deduced as a matter of fact from the nature of the land, the use to which it was being put on the date of the creation of the security interest and the purpose for which it was set apart.

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