FEMA, BANKING amp; INSURANCE : When a secured creditor adopts a measure under section 13(4), any person aggrieved by same should approach jurisdictional DRT and it was incumbent on DRT to deal with matter and, upon DRT coming to a conclusion that creditor had no debt to pursue, it would lose further authority over matter; however, Civil Court’s doors remain open to receive an action,FEMA, BANKING amp; INSURANCE : When a secured creditor adopts a measure under section 13(4), any person aggrieved by same should approach jurisdictional DRT and it was incumbent on DRT to deal with matter and, upon DRT coming to a conclusion that creditor had no debt to pursue, it would lose further authority over matter; however, Civil Court’s doors remain open to receive an action,www.taxmann.com Latest Case LawsRead More
