![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) ruled that the existence of financial debt or the occurrence of default—the two main...
![Civil Suit for Declaration as Null and Void barred u/s 34 of SARFAESI Act when Bank Account declared as NPA: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Civil-Suit.jpg "Civil Suit for Declaration as Null and Void barred u/s 34 of SARFAESI Act when Bank Account declared as NPA: Allahabad HC [Read Order]")
![CBI Corruption Case: Madras HC Sentences Ex-DRT Officials to 5 Years Rigorous Imprisonment Along with Rs. 27 Lakh Fine [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/CBI-site-img.jpg "CBI Corruption Case: Madras HC Sentences Ex-DRT Officials to 5 Years Rigorous Imprisonment Along with Rs. 27 Lakh Fine [Read Order]")
![Finance Ministry notifies Relocation of DRT, Jabalpur to New Premises [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/Finance-Ministry-DRT-New-Premises-Jabalpur-to-New-Premises-taxscan.jpg "Finance Ministry notifies Relocation of DRT, Jabalpur to New Premises [Read Notification]")
![Supreme Court & High Courts Weekly Round-up [Jan 25th to Jan 31st, 2025]](https://www.taxscan.in/wp-content/uploads/2025/02/Supreme-Court-High-Courts-Weekly-Round-up-taxscan.jpg "Supreme Court & High Courts Weekly Round-up [Jan 25th to Jan 31st, 2025]")
DRT limited to Adjudicating Recovery u/s 13(4) of SARFAESI, cannot decide on Property Ownership or Validity of Sale/Mortgage: Supreme Court [Read Judgement]
The Supreme Court of India recently delivered a pivotal judgment affirming that the scope of jurisdiction exercisable by the Debt Recovery Tribunal (DRT) is limited to the adjudication of recovery...
![DRT limited to Adjudicating Recovery u/s 13(4) of SARFAESI, cannot decide on Property Ownership or Validity of Sale/Mortgage: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/01/Supreme-Court-DRT-limited-Section-134-of-SARFAESI-Property-Ownership-Taxscan.jpg "DRT limited to Adjudicating Recovery u/s 13(4) of SARFAESI, cannot decide on Property Ownership or Validity of Sale/Mortgage: Supreme Court [Read Judgement]")
Writ Petition against NBFC u/s 14(2) SARFAESI Act not maintainable: Delhi HC suggests DRT Approach [Read Order]
The Delhi High Court disposed the Writ Petition against Non-Banking Financial Company (NBFC) under section 14(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of...
Adjudicating Authority can Proceed for Exparte as per Rule 49 of NCLT Rules when CD not Appear: NCLAT [Read Order]
The National Company Law Appellate Tribunal ('NCLAT') in a recent case,held that Rule 49 of National Company Law Tribunal ( NCLT ) Rules, 2016 gives ample jurisdiction to the Adjudicating Authority...
Remedy for Proceedings Lies before DRT on Initiation of Proceedings u/s 13(4) of SARFAESI Act: HP HC [Read Order]
In a recent decision the Himachal Pradesh High Court ruled that the remedy for proceedings lies before the Debt Recovery Tribunal (DRT) on initiation of proceedings under Section 13(4) of the...
![Remedy for Proceedings Lies before DRT on Initiation of Proceedings u/s 13(4) of SARFAESI Act: HP HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Remedy-Proceedings-Lies-before-DRT-on-Initiation-of-Proceedings-SARFAESI-Act-HP-HC-TAXSCAN.jpg "Remedy for Proceedings Lies before DRT on Initiation of Proceedings u/s 13(4) of SARFAESI Act: HP HC [Read Order]")
Failure of IP to Represent CD for Conveying Interest is Violative of S. 25(2)(b) of IBC: IBBI [Read Order]
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (IBBI) held that failure of the Insolvency Professional (IP) to represent the Corporate Debtor (CD) for conveying...
DRT fails to provide remedy on Forfeited Earnest Money Deposit Refund for want of jurisdiction : Bombay HC directs re-adjudication [Read Order]
Bombay High Court (HC) directed to re-adjudicate and to reconsider the application filed by the petitioner against impugned communication of the respondent bank in a time bound manner and to...
![DRT fails to provide remedy on Forfeited Earnest Money Deposit Refund for want of jurisdiction : Bombay HC directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/DRT-Earnest-Money-Deposit-Money-Deposit-Deposit-Refund-Bombay-High-Court-re-adjudication-taxscan.jpg "DRT fails to provide remedy on Forfeited Earnest Money Deposit Refund for want of jurisdiction : Bombay HC directs re-adjudication [Read Order]")
Income Tax Department attach property prior to mortgage: Orissa HC directs to raise plea before DRT [Read Order]
Orissa High Court (HC) tried four Revision Petitions and among two from Income Tax Department (ITD) directed the ITD and parties to raise a plea before the Debt Recovery Tribunals (DRT). The bench...
![Income Tax Department attach property prior to mortgage: Orissa HC directs to raise plea before DRT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Department-attach-property-prior-mortgage-Orissa-HC-DRT-TAXSCAN.jpg "Income Tax Department attach property prior to mortgage: Orissa HC directs to raise plea before DRT [Read Order]")