Recovery of Debts due to Banks and Financial Institutions Act 1993
3rd Apr, 2016
Writ petition under Article 226 of the Constitution should not be entertained when the alternate remedy is available under the Act, unless exceptional circumstances are made out. The writ remedy cannot be permitted to be […]
24th Feb, 2016
The Supreme Court was observed that the purpose of the two enactments is entirely different. The purpose of one is to provide ameliorative measures for reconstruction of sick companies, and the purpose of the other […]
12th Aug, 2015
The Supreme Court held that delay in filing an appeal under Section 18 (1) of the SARFAESI Act can be condoned by the Appellate Tribunal under proviso to Section 20 (3) of the RDB Act […]
10th Sep, 2014
An application under Section 22(2)(b) of the Recovery of Debts due to Banks and Financial Institution Act, 1993 RDBFI Act) for production of original/certified copies of the documents mentioned in the petition was filed. On […]
12th Sep, 2013
Debt Recovery Tribunal(s) are constituted to ensure expeditious disposal of controversies/ issues between the banks and borrowers in the larger public interest.