Whether Debts Recovery Tribunal(DRT) has any jurisdiction to impose the terms and conditions of the settlement upon Secured Creditor and Borrower? – Bank of Baroda and Anr. Vs. Cygnus Equipments & Rentals Pvt. Ltd. – DRAT Kolkata
February 9, 2024
Questions in this case: (i) As to whether Debts Recovery Tribunal has any jurisdiction to impose the terms and conditions of the settlement upon the Secured Creditor and the Borrower? (ii) Whether reasoned order is required to be passed by a Judicial/quasi judicial authority or even any administrative actions?
