CA-8972/2014-SC

Landmark judgment on a civil suit filed by a Borrower against a Bank/Financial Institution in relation to the proceedings for recovery of debt by a Bank or Financial Institution under RDB Act 1993, Transfer of a suit from Civil Court to a DRT and Parallel Proceedings in DRT and Civil Court – Bank of Rajasthan Ltd. Vs. VCK Shares & Stock Broking Services Ltd. – Supreme Court

Landmark judgment on Provision of RDB Act and Civil Procedure Code, 1908, Jurisdiction of the Civil Court to entrain a suit filed by Borrower against Bank/Financial Institutes, Transfer a suit from Civil Court to a DRT, consent is required for the transfer of a suit and Parallel Proceedings-No question of stay of DRT proceedings by way of a civil proceeding instituted before the Civil Court

Landmark judgment on a civil suit filed by a Borrower against a Bank/Financial Institution in relation to the proceedings for recovery of debt by a Bank or Financial Institution under RDB Act 1993, Transfer of a suit from Civil Court to a DRT and Parallel Proceedings in DRT and Civil Court – Bank of Rajasthan Ltd. Vs. VCK Shares & Stock Broking Services Ltd. – Supreme Court Read Post »

Whether having regard to the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (RDB Act), a suit containing a “counter-claim” or claiming a “set-off” filed by a debtor can be heard and tried before the Debt Recovery Tribunal under the RDB Act or must be tried by a Civil Court alone – Bank of Rajasthan Ltd. Vs. VCK Shares & Stock Broking Services Ltd. – Supreme Court

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Whether having regard to the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (RDB Act), a suit containing a “counter-claim” or claiming a “set-off” filed by a debtor can be heard and tried before the Debt Recovery Tribunal under the RDB Act or must be tried by a Civil Court alone – Bank of Rajasthan Ltd. Vs. VCK Shares & Stock Broking Services Ltd. – Supreme Court Read Post »

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