No Blanket Exemption Under Section 8F Of Indian Stamp Act Read With Section 5 Of SARFAESI Act For Registration Of Asset Reconstruction Agreements: Kerala High Court

The Kerala High Court recently ruled on a dispute where an asset reconstruction company attempted to register asset reconstruction agreements entered into with two banks. The agreements were prepared on stamp paper worth ₹1 lakh, and the company offered to pay a registration fee of ₹25,000. However, the Registering Authority rejected the registration, claiming that the fee and stamp duty were insufficient. Legal Issue on Exemption of Stamp Duty The…