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