Person aggrieved from measures taken by secured creditor u/s 13(4) should approach DRT and not Civil Court: HC

FEMA, BANKING amp; INSURANCE : When a secured creditor adopts a measure under section 13(4), any person aggrieved by same should approach jurisdictional DRT and it was incumbent on DRT to deal with matter and, upon DRT coming to a conclusion that creditor had no debt to pursue, it would lose further authority over matter; however, Civil Court's doors remain open to receive an action,

from www.taxmann.com Latest Case Laws https://ift.tt/3rtkGFd