Mamta Sethi and Ors. v. Small Industries Development Bank of India (India Sme Asset Reconstruction Co) and Ors.
Case brief
What is this about?
In a suo moto appeal arising from a dismissed appeal regarding debits recovery, the DRAT Delhi, relying on the Delhi High Court judgment in Padam Singhee which held that the Tribunal lacks suo moto powers, closed the proceedings without adjudicating the merits of the initial complaint against the appellants.
What did the court decide?
The suo moto proceedings were closed and the matter consigned to the record.