Indian Economy·Key Judgments
Non Performing Assets — Key Judgments
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Version 1Updated 5 Mar 2026
Key Judgments
Mardia Chemicals Ltd. vs. Union of India
2004This Supreme Court judgment upheld the constitutional validity of the SARFAESI Act, 2002, rejecting challenges that the Act violated principles of natural justice and due process.…
Swiss Ribbons Pvt. Ltd. vs. Union of India
2019The Supreme Court upheld the constitutional validity of the Insolvency and Bankruptcy Code, 2016, particularly the provisions allowing financial creditors to initiate insolvency…
Asset Reconstruction Company (India) Ltd. vs. Bishal Jaiswal
2016The Supreme Court clarified the scope of SARFAESI Act provisions regarding sale of assets by Asset Reconstruction Companies. The judgment established that ARCs have the same…