Indiabulls Housing Finance Limited v. Deccan Chronicle Holdings Ltd. & Ors. (2018)14 SCC 783

In the instant case, the loan was given by IBFSL which was not a financial institution covered by the SARFAESI Act when the loan was given. However, this entity got merged with the Appellant and Appellant was a SARFAESI company. The loan/debts/financial assets stood vested in the Appellant pursuant to the amalgamation scheme filed by the two companies where under the predecessor company, IBFSL got amalgamated with the Appellant. 

Indiabulls Housing Finance Limited v. Deccan Chronicle Holdings Ltd. & Ors. (2018)14 SCC 783 - (mylawyersadvice.com)

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