https://www.taxtmi.com/caselaws?id=270120 The court held that the Debt Recovery Tribunal (DRT) should determine its jurisdiction for a Securitization Application under Section 17 of the SARFAESI Act based on Section 19(1) of the Recovery of Debts Due to Banks and Financial Institutions Act (RDDB Act), not Section 16 of the Code of Civil Procedure (CPC). The Securitization Application was restored to the file of DRT-III, Mumbai, for a decision on merits within three months. The petition was granted, and parties were directed to bear their own costs. en-us Tue, 15 Dec 2015 00:00:00 +0530 Tue, 29 Dec 2015 18:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270120 The court held that the Debt Recovery Tribunal (DRT) should determine its jurisdiction for a Securitization Application under Section 17 of the SARFAESI Act based on Section 19(1) of the Recovery of Debts Due to Banks and Financial Institutions Act (RDDB Act), not Section 16 of the Code of Civil Procedure (CPC). The Securitization Application was restored to the file of DRT-III, Mumbai, for a decision on merits within three months. The petition was granted, and parties were directed to bear their own costs. Case-Laws Indian Laws Tue, 15 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270120