Dismissed
Finova Capital Private Limited v. Au Small Finance Bank Limited
DRTSA/1275/2025
Case brief
AI extract
What is this about?
In this matter, the Debts Recovery Tribunal, Jabalpur, held that it lacks jurisdiction to entertain a dispute between two Financial Institutions. The court ruled that such controversies must be decided by an Arbitrator under Section 11 of the SARFAESI Act and disposed of the petition accordingly.
What did the court decide?
The petition was disposed of, and any interim orders were vacated as the Tribunal lacked jurisdiction.