Laxmi Cycle Store Through Its Proprietor Kapildeo Prasad and Ors. v. The Chief Managing Director C. M. D. Head Office State Bank Of India and Ors.
Case brief
What is this about?
The High Court dismissed a writ application challenging a Debts Recovery Tribunal judgment. The court held that since an efficacious remedy of statutory appeal exists before the DRAT, the writ court has no jurisdiction to interfere under Article 226 of the Constitution of India.
What did the court decide?
Writ application dismissed with liberty to seek remedy before Debts Recovery Appellate Tribunal within 30 days subject to limitation considerations.