https://www.taxtmi.com/caselaws?id=196527 The court held that the Debt Recovery Tribunal (DRT) at Calcutta did not have jurisdiction to entertain an application under Section 17 of the SARFAESI Act regarding actions taken by a bank for the sale of mortgaged property in Gujarat. It was determined that the integral part of the cause of action for such an application arises only after measures are taken under Section 13(4) in the location where the secured assets are situated. Additionally, the court rejected an application from a non-party in the original proceeding, affirming the decision of the Debt Recovery Appellate Tribunal and dismissing both applications. en-us Thu, 16 Jul 2009 00:00:00 +0530 Tue, 05 Dec 2017 12:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196527 The court held that the Debt Recovery Tribunal (DRT) at Calcutta did not have jurisdiction to entertain an application under Section 17 of the SARFAESI Act regarding actions taken by a bank for the sale of mortgaged property in Gujarat. It was determined that the integral part of the cause of action for such an application arises only after measures are taken under Section 13(4) in the location where the secured assets are situated. Additionally, the court rejected an application from a non-party in the original proceeding, affirming the decision of the Debt Recovery Appellate Tribunal and dismissing both applications. Case-Laws Indian Laws Thu, 16 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196527