Agarwal Tracom Pvt. Ltd. Vs. Punjab National Bank & Ors.[SC 2017 November]

Keywords:-Bank Loan-DRT-Power under Article 226 while dealing with the petitions involving challenge to the action taken for recovery of the public dues, etc. the High Court must keep in mind that the legislations enacted by Parliament and State Legislatures for recovery of such dues are a code unto themselves inasmuch as they not only contain… Read More Agarwal Tracom Pvt. Ltd. Vs. Punjab National Bank & Ors.[SC 2017 November]

International Asset Reconstruction Company of India Ltd. Vs. The Official Liquidator of Aldrich Pharmaceuticals Ltd. and Others

Keywords- Condonation of delay under Debt Recovery Act- The RDB Act is undoubtedly a special law and a complete code by itself with regard to expeditious recovery of dues to banks and financial institutions. The proceedings are before a statutory Tribunal. The scheme of the Act manifestly provides that the Legislature has provided for application… Read More International Asset Reconstruction Company of India Ltd. Vs. The Official Liquidator of Aldrich Pharmaceuticals Ltd. and Others