DRT and DRAT are empowered to determine matters in respect of debt recovery; Jurisdiction of Civil Court is barred

FEMA & BANKING: In view of restriction set out in section 34 of SARFAESI, a Civil Court is barred from entertaining any suit and proceeding in respect of matters which Debts Recovery Tribunal (DRT) and Debts Recovery Appellate Tribunal (DRAT) are empowered to determine under Act

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