Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
Issues: Whether the Civil Court had jurisdiction to entertain the suit challenging measures taken by the secured creditor under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, when the plaintiffs claimed co-parcenary rights in the secured asset.
Analysis: Section 34 of the Act bars Civil Court jurisdiction in respect of matters which the Debts Recovery Tribunal is empowered to determine, while section 17(1) provides a remedy to any person aggrieved by measures taken under section 13(4). The expression "any person" is of wide amplitude and is not confined to the borrower alone. Although Civil Court jurisdiction may survive in very limited cases, the plaint itself showed that the plaintiffs pleaded a prior partition between their father and grandfather, from which the father's share had become his separate property. On those pleadings, the suit property could not be treated as joint family property requiring the plaintiffs' consent for mortgage or enforcement proceedings.
Conclusion: The Civil Court had no jurisdiction. The remedy, if any, lay before the Debts Recovery Tribunal under section 17 of the Act.
Ratio Decidendi: Where the pleadings themselves show that the secured asset is not joint family property and the grievance is against measures taken under section 13(4), Civil Court jurisdiction is barred by section 34 and the aggrieved persons must pursue the statutory remedy before the Debts Recovery Tribunal under section 17.