*Supreme Court important judgment* *Section 11 of the SARFAESI Act is mandatory in nature | There is no requirement of existence of a written arbitration agreement under Section 11 of the SARFAESI Act, 2002 | Section 2(f) of the SARFAESI Act, 2002 does not leave out the entities who are banks but taking the loans in the capacity of a borrower* Read here IBC Laws Case Summary: https://ibclaw.in/bank-of-india-vs-sri-nangli-rice-mills-pvt-ltd-and-ors-supreme-court/ This summary covers: A. Scope and ambit of Section 11 of the SARFAESI Act, 2002 B. Meaning of the expression “non-payment of any amount due including interest” C. Section 11 of SARFAESI Act, 2002 will not apply to disputes between Bank(s), Financial Institution(s), ARC(s) or Qualified Buyer(s), who are otherwise a Borrower D. Definition of ‘Borrower’ in Section 2(f) of the SARFAESI Act F. There is no requirement of existence of a written arbitration agreement under Section 11 of the SARFAESI Act G. Section 11 of the SARFAESI Act is mandatory in nature H. Conclusion I. Disposed of *Subscribe here*: https://ibclaw.in/subscription/