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Articles for Drt, search results for cases

Courts Or Tribunals Referring Disputes To Lok Adalat Barred From Entertaining Appeals Against Awards Passed In Such Cases: Patna High Court
4 months, 2 weeks ago

Courts Or Tribunals Referring Disputes To Lok Adalat Barred From Entertaining Appeals Against Awards Passed In Such Cases: Patna High Court

Live Law  

The Patna High Court on Tuesday held that it would be impermissible for the courts/tribunals referring a matter for settlement to Lok Adalats to examine the correctness of the award passed by the Lok Adalat. The court said that the referral courts/tribunals would also be barred from entertaining the challenge to the award passed in the Lok Adalat on the …

Court Settlement Bank Courts High Lok Bench
Defaulter Can't Initiate Criminal Proceedings Against Creditor/Auction Purchaser Against Auction Held Under SARFAESI Act, Must Go To DRT: Allahabad High Court
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
Government considers tweaks to reduce huge backlog at debt recovery tribunals
1 year, 7 months ago

Government considers tweaks to reduce huge backlog at debt recovery tribunals

Live Mint  

In an effort to expedite the resolution of pending cases in Debts Recovery Tribunals, the government is considering amendments to rules, including removing the clause requiring borrower approval when banks decide to withdraw debt recovery proceedings. The proposed changes would enable banks to resolve outstanding debt cases with borrowers without seeking their consent for withdrawing pending DRT cases, empowering lenders …

Financial Recovery Cases Tribunals Debt Banks Borrowers
P&H High Court Restrains DRT Judge From Passing Adverse Orders After Bar Association's Complaint Of Harassment
2 years, 1 month ago

P&H High Court Restrains DRT Judge From Passing Adverse Orders After Bar Association's Complaint Of Harassment

Live Law  

In a development, the Punjab and Haryana High Court has restrained a Presiding Officer of DRT-II Chandigarh from passing any adverse orders in any of the cases pending before him, until November 30. Taking note of the "serious allegations" against the Officer and his "severally strained" relationship with the Bar Association, the division bench of Justices MS Ramachandra Rao and …

Court Bar Order Officer Presiding Presiding Officer
Cases Above Rs.100 Crores: Finance Ministry Notifies Exclusive DRT Benches
2 years, 2 months ago

Cases Above Rs.100 Crores: Finance Ministry Notifies Exclusive DRT Benches

Live Law  

The Ministry of Finance has issued a notification dated 04.10.2022, whereby the jurisdiction of Debt Recovery Tribunal has been revised. The notification has been released under Section 3 of the Recovery of Debts and Bankruptcy Act, 1993 and in supersession of the notifications of the Government of India, vide numbers G.S.R. 395 dated the 29.05.2007 and S.O.3065 dated the 26.09.2016, …

Dated Notification Drt
Delhi High Court Seeks Expeditious Appointment Of Recovery Officers In DRTs, Framing Of Rules For High Value Recovery Matters Within 3 Weeks
3 years, 2 months ago

Delhi High Court Seeks Expeditious Appointment Of Recovery Officers In DRTs, Framing Of Rules For High Value Recovery Matters Within 3 Weeks

Live Law  

The Delhi High Court has directed the Centre to ensure appointment of Recovery Officers in Debt Recovery Tribunals across India without any delay.A Bench of Justices Vipin Sanghi and Jasmeet Singh sought a status report to be filed in this regard on November 17, the next date of hearing, highlighting the progress made so far.The Bench was hearing a plea …

India Recovery Court Delhi High Court High Central Centre
'Headless, Defunct Without Qualified Incumbents': Delhi High Court Expresses Dismay Over Delay In Filling Up DRT Vacancies
3 years, 4 months ago

'Headless, Defunct Without Qualified Incumbents': Delhi High Court Expresses Dismay Over Delay In Filling Up DRT Vacancies

Live Law  

The Delhi High Court recently condemned the delay by the Central Government in appointing Presiding officers to Debt Recovery Tribunals across the country, and sought the Department's response in this regard within a week. A Division Bench of Justice Vipin Sanghi and Justice Jasmeet Singh remarked as such:".the real problem being faced by the DRTs today is that they are …

Recovery Court Financial Institutions Delhi High Court Vacancies High Committee
Fugitive economic offender Vijay Mallya declared bankrupt by London court
3 years, 4 months ago

Fugitive economic offender Vijay Mallya declared bankrupt by London court

Op India  

On July 26, the Insolvency and Companies Court of the London high court declared Indian fugitive and businessman Vijay Mallya bankrupt. In a tweet Mallya said, “ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores. They restore assets to Banks who recover 9K crores in cash and retain security over 5K crores …

India London Court Money Indian Assets Bank
Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED
3 years, 6 months ago

Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED

India TV News  

The Enforcement Directorate has said that it had transferred a part of the attached or seized assets in cases related to fugitive billionaires Vijay Mallya, Nirav Modi and Mehul Choksi, to state-run banks and the Centre. Of the Rs 18,170.02 crore worth of assets seized, the ED said it has transferred Rs 9,371.17 crore to the government and public sector …

India Mumbai Extradition Assets Public Sector Banks Crore Modi
DRT Cannot Adjudicate Civil Rights Claimed Vis-a-Vis Security Interest Which Are Outside Sec 13/17 SARFAESI : Bombay High Court
3 years, 8 months ago

DRT Cannot Adjudicate Civil Rights Claimed Vis-a-Vis Security Interest Which Are Outside Sec 13/17 SARFAESI : Bombay High Court

Live Law  

A division bench of the Bombay High Court has delivered an elaborate judgment on the issue of the jurisdiction of the civil courts vis-a-vis the Debts Recovery Tribunal with respect to the security interest under the SARFAESI Act.A division bench comprising Justices SB Shurke and Avinash G Gharote was deciding the following question which was referred to in view of …

Security Jurisdiction Property Court Rights Civil Specific Performance
DRT Ahmedabad Imposes Cost of Rs. 10K Upon Advocate For Appearing In Virtual Hearing From His Car
4 years, 1 month ago

DRT Ahmedabad Imposes Cost of Rs. 10K Upon Advocate For Appearing In Virtual Hearing From His Car

Live Law  

The Presiding Officer DRT-I Ahmedabad, Vinay Goel on Tuesday imposed a cost of Rs. 10,000 upon Mr. Gori for attending the virtual hearing from his Car" The Court placed reliance upon the Judgment of Gujarat High Court in Misc. The Bar Council of Gujarat and the Bar Association of High Court shall inform the advocates to maintain a dignified decorum …

Video Court Video Conferencing Gujarat Cost Hearing High