https://www.taxtmi.com/caselaws?id=111240 The Banking Ombudsman Scheme, 1995 confers limited jurisdiction over loan-related complaints, and that jurisdiction does not continue once the same subject-matter is taken before the Debts Recovery Tribunal. Clause 16(3)(d) bars continuation where the dispute is pending before another competent forum, so the Ombudsman cannot proceed further after the Tribunal is invoked. The Scheme also confines loan complaints under clause 13(b) to breaches of Reserve Bank directives on matters such as interest, sanction delay, and prescribed time limits. Directions to disburse further loan amounts, alter repayment terms, fix financing ratios, or extend moratorium go beyond that limited authority and are not sustainable absent a breached RBI directive. en-us Thu, 15 Mar 2007 00:00:00 +0530 Tue, 06 May 2014 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111240 The Banking Ombudsman Scheme, 1995 confers limited jurisdiction over loan-related complaints, and that jurisdiction does not continue once the same subject-matter is taken before the Debts Recovery Tribunal. Clause 16(3)(d) bars continuation where the dispute is pending before another competent forum, so the Ombudsman cannot proceed further after the Tribunal is invoked. The Scheme also confines loan complaints under clause 13(b) to breaches of Reserve Bank directives on matters such as interest, sanction delay, and prescribed time limits. Directions to disburse further loan amounts, alter repayment terms, fix financing ratios, or extend moratorium go beyond that limited authority and are not sustainable absent a breached RBI directive. Case-Laws Companies Law Thu, 15 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111240