https://www.taxtmi.com/caselaws?id=302734 A Debt Recovery Tribunal does not have implied authority under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 to restrain a borrower or guarantor from travelling abroad or to impound a passport. The Tribunal's interim and procedural powers extend to protecting property, securing recovery, and enforcing compliance, but they do not create a substantive restriction on the right to leave India without express statutory authorisation. A contractual covenant in guarantee deeds was also insufficient where it only restricted departure from India for employment, business, or long-term stay without the bank's permission and did not empower the Tribunal to impose its own travel prohibition. en-us Wed, 08 Mar 2017 00:00:00 +0530 Wed, 15 Jun 2022 09:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302734 A Debt Recovery Tribunal does not have implied authority under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 to restrain a borrower or guarantor from travelling abroad or to impound a passport. The Tribunal's interim and procedural powers extend to protecting property, securing recovery, and enforcing compliance, but they do not create a substantive restriction on the right to leave India without express statutory authorisation. A contractual covenant in guarantee deeds was also insufficient where it only restricted departure from India for employment, business, or long-term stay without the bank's permission and did not empower the Tribunal to impose its own travel prohibition. Case-Laws Indian Laws Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302734