Oriental Bank of Commerce v. Avneesh Chandan Gadgil & Ors.
Case brief
What is this about?
The High Court granted a writ petition filed by Orient Bank of Commerce to quash an order of the Debts Recovery Appellate Tribunal. The Court relied on Supreme Court precedents which held that the Limitation Act applies to appeals under the RDBFI Act, 1993. The impugned order was quashed, and a prior order of the Debt Recovery Tribunal condoning delay was restored.
What did the court decide?
The writ petition was allowed; the impugned order dated November 18, 2014 of the Debts Recovery Appellate Tribunal was quashed, and the order dated June 05, 2014 of the Debts Recovery Tribunal condoni