Search Results for Tag : Debt Recovery
Judgments
Debt Recovery Tribunal has no power to condone delay in filing Review Application under RDB Act(21.01.2020)
In the present case, the Respondent had filed a review petition before the Debt Recovery Tribunal with the application for condonation of delay which .....
Tags : Delay, Debt Recovery Tribunal
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DRT has no jurisdiction to hear un-appointed debenture trustee(07.03.2016)
In a claim for recovery made by a debenture trustee of debentures of a company on behalf of or for the benefit of the debenture holders, the Debt Reco.....
Tags : Debenture trustee, tribunal, debt recovery
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Notifications & Circulars
Debt recovery mechanism strengthened with the enactment of Insolvency and Bankruptcy Code (IBC), 2016 - Survey(04.07.2019)
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament today. Taking note of t.....
Tags : Debt recovery, Mechanism, Strengthening of
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News
Karnataka HC Summons Vijay Mallya to Appear on 24 November(21.10.2016)
Karnataka High Court has summoned Vijay Mallya to appear before it on 24 November for allegedly violating an “oral undertaking” given before Bengaluru.....
Tags : Karnataka High Court, Vijay Mallya, Debt Recovery Tribunal
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Allahabad High Court Disallows Parallel Proceedings in NCLT and DRT(12.09.2017)
Allahabad High Court has barred parallel proceedings in National Company Law Tribunal (NCLT) and the Debt Recovery Tribunal (DRT) in a case between St.....
Tags : Allahabad High Court, National Company Law Tribunal, Debt Recovery Tribunal
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Bombay HC Upholds Centre’s Move to Shift DRT From Mumbai to Vashi(03.01.2017)
Bombay High Court has upheld Centre’s decision to shift one of the Debt Recovery Tribunals (DRT) from Mumbai to a new site at Vashi, stating it did no.....
Tags : Bombay High Court, Debt Recovery Tribunals
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Supreme Court Asks Centre to Buckle Up Mechanism to Recover Bad Loans(03.01.2017)
Supreme Court has sought more clarity from Centre on the issue of tackling bad loans.
Tags : Supreme Court , Bad Loans , Debt Recovery
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Supreme Court Seeks List of Loan Defaulters from Central Govt.(04.01.2017)
Supreme Court has asked Centre to give list of "corporate entities" against whom outstanding loans were in excess of Rs 500 crore, besides seeking emp.....
Tags : Supreme Court, Debt Recovery Tribunals, Bad Loans
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CIVIL - Auction Sale can't be Held 3 Years After End of FY in which Recovery Certificate was Issued: Kerala H(22.02.2019)
Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....
Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal
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CIVIL - Auction Sale can't be Held 3 Yrs After End of FY in which Recovery Certificate was Issued: Kerala HC(22.02.2019)
Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....
Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal
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Bengaluru DRT Orders Banks to Start Recovering Loan From Vijay Mallya in Kingfisher Case(20.01.2017)
Debt Recovery Tribunal has ordered SBI-led consortium of banks to start process of recovering over Rs 6,203 crore, at 11.5 per cent annual interest ra.....
Tags : Debt Recovery Tribunal, Vijay Mallya, Kingfisher Case, Loan
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Secured Creditor can File Winding Up Petition After Obtaining Recovery Certificate from DRT: SC(30.01.2019)
Supreme Court has held that a secured creditor can file a winding up petition after obtaining a decree from the Debts Recovery Tribunal (DRT) and a re.....
Tags : Supreme Court, Debt Recovery Tribunal
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Bombay High Court Pulls Up Ministry for Failure to Provide Infra For Debt Recovery Tribunals(14.02.2020)
Bombay High Court has come down heavily upon the central Government for failing to provide adequate infrastructure and manpower to the Debt Recovery T.....
Tags : Bombay High Court, Infrastructure for Debt Recovery Tribunals
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SC: Debts Recovery Tribunal Has No Power to Condone Delay in Filing Review Application(27.01.2020)
Supreme Court has held that the Debts Recovery Tribunal has no power to condone the delay in filing application for review under the Recovery of Debts.....
Tags : Supreme Court, Debt Recovery Tribunal's Power to Condone Delay, Review Application
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Telangana High Court has Stayed Debt Recovery Tribunal’s Order Against Karvy Stock Broking(02.01.2020)
Telangana High Court has given interim relief to Karvy Stock Broking against ICICI Bank’s plea for initiating debt recovery proceedings against the br.....
Tags : Telangana High Court, Debt Recovery Tribunal
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Delhi HC Grants Time to Frame Rules to Deal with High Value Cases In Debt Recovery Tribunals(25.11.2021)
Delhi High Court has granted six weeks time to the Central Government for coming up with the Rules to deal with high value cases, where the recovery i.....
Tags : Delhi High Court, High Value Cases In Debt Recovery Tribunals
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Karnataka HC Put Stay on DRT’s Order for 3 Months Issuing Demand Notice to UBHL , Kingfisher Airlines(20.06.2016)
Karnataka HC has put stay for three months on Debt Recovery Tribunal's (DRT) order issuing a demand notice to Vijay Mallya-owned United Breweries Hold.....
Tags : Karnataka HC, Debt Recovery Tribunal, United Breweries Holdings Limited (UBHL) , Kingfisher Airlines
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SC: DRAT Cannot Entertain Appeal u/s 18 SARFAESI Act Without Insisting on Pre- Deposit(03.03.2020)
Supreme Court has observed that the Debt Recovery Appellate Tribunal cannot entertain an appeal under Section 18 of the Securitisation and Reconstruct.....
Tags : Supreme Court, Appeal before Debt Recovery Appellate Tribunal
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Allahabad High Court: Can’t Decide Jurisdiction of DRTs Solely on the Basis of Location of Asset(15.04.2024)
Allahabad High Court has held that for entertaining application under Section 17 of the Securitization and Reconstruction of Financial Assets and Enfo.....
Tags : Allahabad High Court, Debt Recovery Tribunals, Jurisdiction, SARFESI
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DRT Rejects Kingfisher’s Plea(11.07.2016)
Debt Recovery Tribunal (DRT), Bengaluru, has rejected interlocutory application filed by Kingfisher Airlines seeking permission to make amendment to i.....
Tags : Debt Recovery Tribunal , Kingfisher Airlines
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Debt Recovery Tribunal asks Vikram Bakshi, McDonald's India to Deposit Settlement Funds(20.05.2019)
Debt Recovery Tribunal, Delhi has asked Connaught Plaza Restaurants’ Managing Director Vikram Bakshi and McDonald’s India to appear before it and depo.....
Tags : Debt Recovery Tribunal, McDonalds
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Bombay High Court Questions Non-Working of Mumbai Debt Recovery Tribunal(24.07.2018)
Bombay High Court has questioned the shutdown of Debt Recovery Tribunal (DRT) following a fire in the said building premises over a month ago and expr.....
Tags : Bombay High Court, Debt Recovery Tribunal
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Bombay High Court Directs Finance Ministry to Provide Proper Infrastructure for DRT/DRAT(21.08.2015)
Bombay High Court has directed Finance Ministry to consider providing proper infrastructure and space to Debt Recovery Tribunal (DRT) and Debt Recover.....
Tags : Bombay High Court,Debt Recovery Tribunal (DRT) , Debt Recovery Appellate Tribunal (DRAT)
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Supreme Court: Debt Recovery Tribunal to be Established in Jammu and Kashmir(05.08.2024)
Supreme Court while hearing a plea against the Jammu and Kashmir and Ladakh High Court's decision to allow challenges to actions under the SARFAESI Ac.....
Tags : Supreme Court, Debt Recovery Tribunal, Jammu and Kashmir
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Orissa HC: No Jurisdiction on Consumer Commission to Entertain Matters Under SARFAESI Act(03.07.2024)
Orissa High Court has observed that any suit or proceeding which can be entertained by the Debt Recovery Tribunal or the Appellate Tribunal cannot be .....
Tags : Orissa High Court, SARFAESI Act, Debt Recovery Tribunal
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Gauhati HC: DRT Has to Dispose of Application under Section 17 of SARFAESI Act as per RDB Act(22.11.2024)
Gau. HC has observed that Debt Recovery Tribunal (DRT) is required to dispose of an application filed u/s 17 of SARFAESI Act, 2002 as per provisions o.....
Tags : Gauhati High Court, SARFAESI Act, Debt Recovery Tribunal
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