Supreme Court Clarifies Jurisdiction in Bank Loan Recovery Cases: Bank of Rajasthan vs. VCK Shares (2022) LEGAL ISSUE: Whether a borrower can file an independent suit against a bank in a civil court when the bank has already initiated recovery proceedings at the Debts Recovery Tribunal (DRT). CASE TYPE: Banking Law, Debt Recovery Case Name: […]
Supreme Court Upholds DRT Decree, Dismisses Civil Suits Challenging it: Canara Bank vs. P. Selathal (2020) LEGAL ISSUE: Jurisdiction of Civil Courts to challenge orders of Debt Recovery Tribunal (DRT). CASE TYPE: Debt Recovery/Civil. Case Name: Canara Bank vs. P. Selathal and others. Judgment Date: 28 February 2020 Date of the Judgment: 28 February 2020
Supreme Court Allows Secured Creditors to File Winding Up Petitions After DRT Decree LEGAL ISSUE: Whether a secured creditor can initiate a winding-up petition against a company after obtaining a decree and recovery certificate from the Debts Recovery Tribunal (DRT). CASE TYPE: Insolvency Law, Company Law Case Name: Swaraj Infrastructure Pvt. Ltd. vs. Kotak Mahindra
