Punjab National Bank v. Pitambra Home Furnishers
Case brief
What is this about?
The Debts Recovery Appellate Tribunal transferred a recovery case from DRT-I to DRT-II. The bank informed the court that the file was seized by the CBI; the Tribunal directed the bank to submit this fact to the new Recovery Officer.
What did the court decide?
Transfer of R.C. No.754/2019 from Recovery Officer-II, DRT-I to Recovery Officer-I, DRT-II, with direction to bank to make CBI seizure submission before new officer.