The article features legal questions that arose from the cases related to the Loan or Debt recovery cases by the Bank. The description with summary details with important points has been raised with each case featured. The cases heard through video conferencing method during the ongoing national lockdown due to COVID-19 pandemic Debt Recovery Proceedings … Continue reading Loan Recovery By Banks Some Latest Judgments
The article is based upon the judgement by Hon’ble Chief Justice Mr P.R.P. Menon and Hon’ble Justice Mr P.P. Sahu of the High Court of Chhattisgarh in Shri Mohan Products Pvt. Ltd. and Others vs State Bank of India and others. The judgement describes a peculiar situation where the Debt Recovery Appellate Tribunal (DRAT) rejects … Continue reading How Much Should Be The Amount Of Deposit For Filing an Appeal Before The Debt Recovery Appellate Tribunal?
The national lockdown came into effect from 24.03.2020 has affected the banking industry in a huge way. This also hindered the legal activities of the litigating parties before the Debt Recovery Tribunal such that Banks and the borrower were jumbled upon the procedural and limitations aspect set by the law. This change came up with … Continue reading Loan Recovery By Banks During The National Lockdown
The article provides a summary detailing of three cases of Debt Recovery Proceedings or of the nature of Financial Disputes from different High Courts of India. Debt Recovery Proceedings generally means where the lender Banks through judicial actions make recoveries of their bad debts. The Recovery of Debts & Bankruptcy Act, 1993 and Securitization and … Continue reading Debt Recovery Proceedings Some Latest Judgements III
The article provides a summary detailing of three cases of Debt Recovery Proceedings or of nature of Financial Disputes from different High Courts of India. Debt Recovery Proceedings generally means where the lender Banks through judicial actions make recoveries of their bad debts. The Recovery of Debts & Bankruptcy Act, 1993 and Securitization and Reconstruction … Continue reading Debt Recovery Proceedings Some Latest Judgments Part 2
The Debt Recovery Proceedings are proceedings which provide relief to the Organized Lending companies such as Banks, Non-Banking Financial Corporations or other recognized credit agency by Government. The laws which govern these proceedings are Recovery of Debt and Bankruptcy Act, 1993 ('RDBI Act'), the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest … Continue reading Latest Judgments From Debt Recovery Proceedings & SARFAESI Act
The Banks are the life and blood of the economy, their business to provide and infuse credit into the market promote growth which in consequence bring prosperity into the economy. But this form of business of lending may also lead to credit defaulters in the market which consequently damages the credit business. The Banks which … Continue reading How Banks Recover Debts Through Secured Assets?