Bank’s Rights Under SARFAESI Act Prevail Over EPFO Claims in Cheque Bounce Case: Madras High Court

In a landmark decision regarding the rights of secured creditors, the Madras High Court has ruled in favor of a private bank in its dispute against the Employees' Provident Fund Organisation (EPFO). The court's judgment underscores the importance of the SARFAESI Act and the rights of financial institutions to recover dues from defaulting borrowers. Case Background The case, involving W.P.Nos.18194 and 19301 of 2020, centered on a private bank's assertion…