News Muncher - searching for drt

2 weeks, 1 day ago

Multiple Vacancies At Dhir & Dhir Advocates & Solicitors [Apply Now]

Live Law

The chamber of Dhir & Dhir Advocates & Solicitors invites application for the post of Associate, DRT/DRAT Lawyers, Associate / Senior Associate / Principal Associate, Associate, and Assistant Manager / Manager. • Interested candidates are required to submit in their CVs along with a cover letter email at [email protected] or WhatsApp 98105 59242 on or before 15.12.2024, however, candidates will …

Contract Legal Recovery Compliance Debt Recovery Post Senior

1 month ago

DRT May Entertain Plea Against Measures To Recover Secured Debts Beyond Limitation If Satisfied With The Reasons: Gauhati High Court

Live Law

The Gauhati High Court has recently held that the Debt Recovery Tribunal has to dispose of an application under SARFAESI Act made against measures to recover secured debts by any person in accordance with Section 24 of the Recovery of Debts and Bankruptcy Act which applies the provisions of the Limitation Act to tribunal proceedings.For context, Section 24 of the …

Application Limitation Act Limitation Tribunal High Act Measures

1 month ago

'11 DRTs Have No Presiding Officers': Supreme Court Seeks Union's Response On PIL To Fill Up Vacancies

Live Law

The Supreme Court today sought a response from the Union of India in a Public Interest Litigation seeking filling of pending appointments of Presiding Officers in the Debt Recovery Tribunals. As per the plea, out of 39 Debts Recovery Tribunals in the Country, nearly one third- 11 DRTs are without Presiding Officers as of September 30. Issue a writ in …

Charge Drt Drts 11 Drts Presiding Officers

4 months, 1 week ago

DRT issues summons to Wadhawans for recovery of ₹846.63-crore bank loan

Hindustan Times

MUMBAI: The Debt Recovery Tribunal, a quasi-judicial body that helps banks and financial institutions recover loans from customers, has issued a public summons to Housing Development and Infrastructure Ltd promoters Rakeshkumar Wadhawan and his son Sarang, in connection with the proceedings initiated by Bank of India for recovery of an outstanding loan amount of ₹846.63 crore from their group firm, …

Bank Tribunal Wadhawan Public Summons

4 months, 3 weeks ago

Heavy engineering equipment, rescue dog teams airlifted to landslide-hit Wayanad

The Hindu

Heavy engineering equipment and rescue dog teams were being airlifted, and disaster relief teams had been dispatched by the Indian Coast Guard to provide aid and succour to people after a series of landslides in the hilly areas of Kerala's Wayanad district early on July 30. The Minister’s office also said all-out efforts were underway as additional troops, heavy engineering …

Rescue Disaster Kerala Relief Wayanad Icg Heavy Engineering Equipment

5 months ago

Kerala High Court Weekly Round-Up: July 16 – July 21, 2024

Live Law

Nominal Index Remya Haridas v State of Kerala and Others, 2024 LiveLaw 437 Abdul Razak v Union of India, 2024 LiveLaw 438 Vivek Joy v State of Kerala & Connected Case, 2024 LiveLaw 439 Soman T. N. v Additional District Collector and Others, 2024 LiveLaw 440 Joby George v Siby Valloran, 2024 LiveLaw 441 Sajith Shyam v State of Kerala, …

India Justice Kerala Court Income Tax Title Kerala High Court

5 months ago

Register Writ Petitions Against DRT/SARFAESI Proceedings As Unnumbered And Send To Bench : Kerala High Court To Registry

Live Law

The Kerala High Court issued a notification on July 19 directing the Filing Scrutiny Officers to register petitions filed under the DRT Act and SARFAESI Act as unnumbered and sent to the Bench as per roster for directions. This is pursuant to the judgment of the Supreme Court in PHR Invent Educational Society vs. UCO Bank deprecating the interference of …

Court Petitions Kerala High Court High Bench Register Writ

5 months, 3 weeks ago

Consumer Commission Has No Jurisdiction To Entertain Matters Coming Under Purview Of SARFAESI Act: Orissa High Court

Live Law

The Orissa High Court has held that the Consumer Commissions do not have jurisdiction to entertain any suit or proceeding which is subject matter of adjudication by Debt Recovery Tribunal or Appellate Tribunal under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Clarifying the jurisdictional issue, the Division Bench of Justice Debabrata Dash and …

Consumer Jurisdiction Court Consumer Commission Notice Commission Act

6 months, 1 week ago

No Bar On Invoking Arbitration Despite Alternative Remedy Under RERA Act: Gauhati High Court

Live Law

The Gauhati High Court bench of Justice Michael Zothankhuma has held that arbitration can be invoked to settle a real estate dispute, despite the existence of an alternative legal remedy under the Real Estate Act. The High Court held that there was there is no inherent conflict or repugnancy between the RERA Act and the Arbitration Act. Additionally, the Supreme …

Arbitration Dispute Court Bar Alternative Held High

8 months ago

Defaulter Can't Initiate Criminal Proceedings Against Creditor/Auction Purchaser Against Auction Held Under SARFAESI Act, Must Go To DRT: Allahabad High Court

Live Law

While quashing criminal proceedings against officers of M/s Himri Estate Private Limited and Indiabulls Housing Finance Ltd. initiated by Shipra Group, the Allahabad High Court held that defaulter cannot initiate criminal proceedings against creditor/auction purchaser against the auction conducted under the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Criminal proceedings cannot be …

Justice High Court Court Criminal Criminal Proceedings Auction Held

8 months, 1 week ago

S.17 (1A) SARFAESI Act | Jurisdiction Of DRTs Can't Be Solely Decided Based On Location Of Asset: Allahabad High Court Clarifies

Live Law

The Allahabad High Court has held that jurisdiction of the Debt Recovery Tribunal to entertain application under Section 17 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 cannot be based solely on the location of the secured asset. The Court held that the insertion of Section 17 of the SARFAESI Act has an overriding …

Jurisdiction Recovery Court Bank Lucknow Application Tribunal

8 months, 1 week ago

When Can High Courts Entertain Writ Petition Under Article 226 Despite Existence Of Statutory Remedies? Supreme Court Explains

Live Law

Observing that the High Court should exercise due care and caution while entertaining the petitions under Article 226 of the constitution even when there exists an alternative statutory remedy, the Supreme Court on Wednesday deprecated the High Court's interference in the auction sale proceedings completed by the Bank at the instance of the borrower despite having statutory remedy. Observing that …

Supreme Court Constitution High Courts Court Bank Courts Statutory

8 months, 3 weeks ago

DRT | Effect & Operation Of Any Interim Order Passed Is Wiped Out At The Passing Of Final Order: Allahabad High Court

Live Law

The Allahabad High Court held that the effect and operation of any interim order passed is wiped out at the passing of the final order. The bench comprising Justice Piyush Agrawal held that “once an appeal was dismissed as withdrawn, the interim order, if any, passed thereon automatically merges with the final order.” The Court relied on State of U.P. …

Appeal Recovery Court Bank Order Auction Tribunal

10 months, 1 week ago

'Naughty boy, now obedient': ISRO launches INSAT-3DS satellite atop GSLV rocket

Hindustan Times

The INSAT-3DS meteorological satellite, aboard a Geosynchronous Launch Vehicle rocket, took off from Sriharikota, Andhra Pradesh, on Saturday. ISRO INSAT-3DS: ISRO's GSLV-F14/INSAT-3DS mission launched from Satish Dhawan Space Station, in Sriharikota. In its 16th mission, GSLV rocket deployed the INSAT-3DS meteorological satellite into the intended orbit. It focuses on enhanced meteorological observations, monitoring of land and ocean surfaces for weather …

Data Earth Mission Data Collection Satellite Isro Gslv

10 months, 1 week ago

DRT | Rejection Of Application Under Order 7 Rule 11 Will Not Operate As Res Judicata On Deciding Issue Of Limitation: Allahabad High Court

Live Law

The Allahabad High Court has held that rejection of application under Order VII Rule 11 of the Civil Procedure Code will not operate as res judicata on deciding issue of limitation raised at the time of final hearing. will not operate as res judicata.” The Court reiterated that for deciding an application under Order VII Rule 11 of CPC, the …

Law Supreme Court Court Application Res Judicata Order Limitation

10 months, 3 weeks ago

Karnataka High Court Denies Relief To Landowner Who Approached Court With 9 Yrs Delay, Compares Him To 'Rip Van Winkle'

Live Law

The Karnataka High Court has refused relief to a landowner who challenged the bank auction sale of his land on failure to repay the loan, nine years after the sale took place. Then it said “The doors of this Court to such Rip Van Winkles is not ajar but closed.” The petitioner was a guarantor to a credit facility availed …

Property Court Sale Bank Tribunal Kar His Property

10 months, 3 weeks ago

INSAT-3DS satellite sent to launch port in Sriharikota

The Hindu

The Indian Space Research Organisation has said that the INSAT-3DS satellite has been flagged off to the launch port at the Satish Dhawan Space Centre in Sriharikota. The INSAT-3DS satellite is an exclusive meteorological satellite realised by ISRO with the primary objective to provide continuity of services to the existing in-orbit INSAT-3D and 3DR satellites and significantly enhancing the capabilities …

Satellite Insat

1 year ago

Debt Recovery | Extension Of Interim Relief At The Time Of Remand Subject To Prima Facie Finding In Petitioner's Favor: Delhi High Court

Live Law

A Division Bench of the Delhi High Court recently held that an interim order granted by the Debts Recovery Appellate Tribunal during the pendency of appeal was not required to be extended in pursuance of remand, without a prima facie finding on the need for such an order. It observed: “If the same is accepted, then in every case where …

Properties Court Interim Prima Facie Remand Prima Interim Relief

1 year, 1 month ago

IBC| Time-Barred Recovery Certificate Can Be Segregated From Composite Claim Under Section 7 : Supreme Court

Live Law

The Supreme Court has held that in a composite application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 based on several Recovery Certificates issued by Debt Recovery Tribunal, if any of the Recovery Certificate is barred by limitation, then the same can be segregated from composite claim. In the event the Appellate Tribunal is of opinion that …

Recovery Court Companies Act Limitation Nclt Act Certificate

1 year, 1 month ago

SARFAESI Act | Orders Passed In Interim Application Appealable U/S 18; Cannot Invoke Supervisory Jurisdiction U/Art 227: Kerala High Court

Live Law

The Kerala High Court recently held that an order passed in an interim application is appealable before the Appellate Tribunal, under Section 18 of the SARFAESI Act.It thus proceeded to declare that Article 227 of the Constitution cannot be invoked by the High Court, when the Tribunal had considered the matter before it in the proper perspective. Justice K. The …

Constitution Court Bank Kerala High Court Application Order Tribunal

1 year, 2 months ago

IBC | Doctrine Of Election Can't Prevent Financial Creditor From Initiating CIRP Against Corporate Debtor: Supreme Court

Live Law

The Supreme Court has held that the 'Doctrine of Election' cannot be applied to prevent a Financial Creditor from approaching the National Company Law Tribunal for initiation of Corporate Insolvency Resolution Process against a Corporate Debtor, under the Insolvency and Bankruptcy Code, 2016. As such, the holder of such certificate would be entitled to initiate CIRP, if initiated within a …

Supreme Court Corporate Financial Recovery Court Election Corporate Debtor

1 year, 2 months ago

HC Quizzes GHMC, Cops on Vendor Policy

Deccan Chronicle

Hyderabad: Justice T. Vinod Kumar of the Telangana High Court directed the GHMC to explain its stance regarding street vendors at Raheja Mindspace. Notice over fake Aadhaar claim Justice S. Nanda of the Telangana High Court ordered notice to the authorities in a writ petition complaining of a land deal based on a fraudulent Aadhaar card. Farooq Ali Khan filed …

Justice Court Bench Petition Petitioner

1 year, 5 months ago

HC Stays DRT Order

Deccan Chronicle

Hyderabad: A two-judge bench of the Telangana High Court, comprising acting Chief Justice P. Naveen Rao and Justice Nagesh Bheemapaka, stayed an order passed by the Debt Recovery Tribunal, Hyderabad, for violating principles of natural justice. He asserted in his letter that was addressed to the Chief Justice that the station house officer and others had trespassed into his office …

Justice Hyderabad Recovery Court Natural Justice Order Officer

1 year, 6 months ago

Challenge To Recovery Notice U/S 13(2) SARFAESI Act Lies Before DRT And Not Civil Court, Unless Plaint Alleges Fraud: Bombay High Court

Live Law

The Bombay High Court recently held that once a secured creditor issues demand notice under section 13 of the SARFAESI Act, 2002, the civil court’s jurisdiction is barred, and any challenge to the notice comes under the domain of the Debts Recovery Tribunal. Justice MS Jawalkar rejected a borrower’s civil suit alleging that the bank violated Guidelines on Fair Practices …

Jurisdiction Fraud Recovery Bank Loan Notice Rbi

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Search results for drt

Multiple Vacancies At Dhir & Dhir Advocates & Solicitors [Apply Now]

DRT May Entertain Plea Against Measures To Recover Secured Debts Beyond Limitation If Satisfied With The Reasons: Gauhati High Court

'11 DRTs Have No Presiding Officers': Supreme Court Seeks Union's Response On PIL To Fill Up Vacancies

DRT issues summons to Wadhawans for recovery of ₹846.63-crore bank loan

Heavy engineering equipment, rescue dog teams airlifted to landslide-hit Wayanad

Kerala High Court Weekly Round-Up: July 16 – July 21, 2024

Register Writ Petitions Against DRT/SARFAESI Proceedings As Unnumbered And Send To Bench : Kerala High Court To Registry

Consumer Commission Has No Jurisdiction To Entertain Matters Coming Under Purview Of SARFAESI Act: Orissa High Court

No Bar On Invoking Arbitration Despite Alternative Remedy Under RERA Act: Gauhati High Court

Defaulter Can't Initiate Criminal Proceedings Against Creditor/Auction Purchaser Against Auction Held Under SARFAESI Act, Must Go To DRT: Allahabad High Court

S.17 (1A) SARFAESI Act | Jurisdiction Of DRTs Can't Be Solely Decided Based On Location Of Asset: Allahabad High Court Clarifies

When Can High Courts Entertain Writ Petition Under Article 226 Despite Existence Of Statutory Remedies? Supreme Court Explains

DRT | Effect & Operation Of Any Interim Order Passed Is Wiped Out At The Passing Of Final Order: Allahabad High Court

'Naughty boy, now obedient': ISRO launches INSAT-3DS satellite atop GSLV rocket

DRT | Rejection Of Application Under Order 7 Rule 11 Will Not Operate As Res Judicata On Deciding Issue Of Limitation: Allahabad High Court

Karnataka High Court Denies Relief To Landowner Who Approached Court With 9 Yrs Delay, Compares Him To 'Rip Van Winkle'

INSAT-3DS satellite sent to launch port in Sriharikota

Debt Recovery | Extension Of Interim Relief At The Time Of Remand Subject To Prima Facie Finding In Petitioner's Favor: Delhi High Court

IBC| Time-Barred Recovery Certificate Can Be Segregated From Composite Claim Under Section 7 : Supreme Court

SARFAESI Act | Orders Passed In Interim Application Appealable U/S 18; Cannot Invoke Supervisory Jurisdiction U/Art 227: Kerala High Court

IBC | Doctrine Of Election Can't Prevent Financial Creditor From Initiating CIRP Against Corporate Debtor: Supreme Court

HC Quizzes GHMC, Cops on Vendor Policy

HC Stays DRT Order

Challenge To Recovery Notice U/S 13(2) SARFAESI Act Lies Before DRT And Not Civil Court, Unless Plaint Alleges Fraud: Bombay High Court