https://www.taxtmi.com/caselaws?id=109484 A Tribunal exercising power under section 19(18) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 may appoint a receiver and authorise seizure or sale of secured property only where it records reasons showing application of mind to the facts and circumstances; a non-speaking order taking such coercive interim action is unsustainable and liable to be set aside. The availability of an appellate remedy under section 20 does not ordinarily bar Article 227 where the impugned order is passed in violation of natural justice. The Tribunal's order was quashed and the matter remitted for fresh consideration after hearing both sides and recording reasons. en-us Thu, 13 Nov 2003 00:00:00 +0530 Tue, 10 Apr 2012 14:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109484 A Tribunal exercising power under section 19(18) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 may appoint a receiver and authorise seizure or sale of secured property only where it records reasons showing application of mind to the facts and circumstances; a non-speaking order taking such coercive interim action is unsustainable and liable to be set aside. The availability of an appellate remedy under section 20 does not ordinarily bar Article 227 where the impugned order is passed in violation of natural justice. The Tribunal's order was quashed and the matter remitted for fresh consideration after hearing both sides and recording reasons. Case-Laws Companies Law Thu, 13 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109484