44 days Delay in filing written Statement relating to 489 Cr Outstanding Public Money: DRAT directs to Pay 50 K to Canara Bank
The Delhi bench of the Debts Recovery Appellate Tribunal(DRAT) directed to pay Rs 50000 to Canara Bank & Ors in the case where the 44 days delay...
![Mere Typographical error in demand notice would not invalidate recovery proceedings Initiated by Union Bank of India: DRT [Read Order]](https://images.taxscan.in/h-upload/2025/07/05/250x150_2059368-union-bank-india-taxscan.webp "Mere Typographical error in demand notice would not invalidate recovery proceedings Initiated by Union Bank of India: DRT [Read Order]")
![E-Filing Now Mandatory for Debt Recovery and Appellate Tribunals: Finance Ministry [Read Notification]](https://images.taxscan.in/h-upload/2025/06/24/250x150_2053890-e-filing-finance-ministry-taxscan.webp "E-Filing Now Mandatory for Debt Recovery and Appellate Tribunals: Finance Ministry [Read Notification]")
![SARFAESI Act Allows Joint Application by Tenants with Separate Lease Agreements: Kerala High Court [Read Order]](https://images.taxscan.in/h-upload/2025/06/24/250x150_2053620-joint-application-tenants-lease-agreements-taxscan.webp "SARFAESI Act Allows Joint Application by Tenants with Separate Lease Agreements: Kerala High Court [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 requirements for admitting a Section 7 petition...
![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]")
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]
Reinforcing the exclusive jurisdiction of the Debts Recovery Tribunal (DRT) under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, the...
![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]
In a Press release, the Madurai Bench of Madras High Court sentenced five accused including then Recovery Officer and then Official of DRT, then Branch Manager of Dhanalakshmi Bank and two others to...
![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...
