Tag: drat
Revision of the area of jurisdiction of the Debts Recovery Appellate Tribunals (DRATs) Kolkata In exercise of the powers conferred by section 3 of the Recovery of Debts and Bankruptcy Act 1993, the Central Government has amended the area of jurisdiction of the Debts Recovery Appellate Tribunals The …
e filing of pleading before DRT & DRAT made mandatory where debt to be recovered is Rs. 100 crore and above. MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 22nd July, 2021 G.S.R. 501 (E).—In exercise of the powers conferred by clause (ccd) of sub-section(2) of …
There is a change in the address and location of Debts Recovery Appellate Tribunal (DRAT) Chennai with effect from 09.07.2021. The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act) provides speedy redressal to lenders and borrowers through filing of Original Applications (OAs) in …
High Court has no power to waive pre deposit for entertaining appeal before DRAT as mandated by Section 18 of the SARFAESI Act – Supreme Court ABCAUS Case Law Citation:ABCAUS 3282 (2020) (03) SC Important case law relied upon by the parties:Narayan Chandra Ghosh vs. UCO Bank& Ors. …
