Bombay High Court Dismisses Letters Patent Appeal Upholding SARFAESI Act’s Bar on Cooperative Court Jurisdiction; DRT Under Section 17 Has Exclusive Power to Examine All Disputes Including Fraud. The Court ruled that the Debt Recovery Tribunal under Section 17 has comprehensive authority to examine all grievances, including allegations of fraud, and once invoked, that remedy must be pursued exclusively.
20 Dec 2010The appeal arose from a dispute concerning the enforcement of security interest by the Jalgaon Merchant Co-operative Bank under the Securitisation and...




