Partly allowed
Surendra Kumar v. Au Small Finance Bank Limited
DRTSA/129/2024
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal, Jaipur, referred to its unchallenged observation in a 2022 order that a Section 14 application filed within 60 days of a service corrigendum was timely. Relying on that finding, the Tribunal quashed the Section 14 orders and allowed the bank to reinstate the recovery proceedings.
What did the court decide?
The Section 14 orders were quashed. The bank was directed to proceed afresh. All pending interim applications were disposed off.