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MSME borrower cannot raise grounds in later proceedings when they were available in earlier SARFAESI litigation: Kerala high court
Kerala High Court rules that MSME borrowers cannot introduce new grounds in later proceedings if they were available in earlier SARFAESI litigation. The Kerala High Court, in Soubhagye Road Builders & Ors. v. Reserve Bank of India & Ors., W.A. No. 1560 of 2026, decided on 1 September 2026, examined whether an MSME borrower could subsequently rely on the MSME Notification dated 29 May 2015 and the RBI Circular dated 17 March 2016 to challenge auction proceedings initiated und
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