made by the Code between debts owed to financial creditors and operational creditors. A financial creditor has been defined under Section ... person to whom a financial debt is owed and a financial debt is defined in Section 5(8) to mean a debt which is disbursed
these appeals is ; if the Debts Recovery Tribunal constituted under Section 3(1) of the Recovery of Debts Due to Banks and Financial institutions ... application filed by the bank or financial institution for recovery of debt as defined under clause (g) of Section 2 of the Act. Tribunal under
Reserve Bank of India, dated 01.07.2009, the bank has to classify a debt, as 'Non-Performing Asset' (In short "NPA"), before ... case, the Bank has not followed the above guidelines, while classifying the debt as NPA, in the manner, as provided therefor and therefore, the writ
amount of debt due from him, as claimed by the secured creditors or determined by the Debts Recovery Tribunal, whichever is less. But, a power ... reduce the amount to not less than twenty five percent of the debt, for the reasons to be recorded in writing. To understand
Name of the Guarantor
Nature of Advance
Date of Documents / Acknowledgment of debt
Balance outstanding as on 30.06.2016 in Rupees
1) Mr.T.K.Santhosh ... Santhosh No.(1) as borrower has defaulted repayment of the aforesaid secured debt / installment thereof in violation of the sanction terms, loan documents and other
under:-
5. Clause (m) of Section 2 (1) of the SARFAESI Act defines Financial institution, including under sub-clause (ii), any institution as specified ... clause (ii) of clause (h) of Section 2 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
6. The Central Government
under:-
5. Clause (m) of Section 2 (1) of the SARFAESI Act defines Financial institution, including under sub-clause (ii), any institution as specified ... clause (ii) of clause (h) of Section 2 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
6. The Central Government
S. Reshma vs Debt Recovery Tribunal on 4 January, 2017
Bench: S.Manikumar , M.Govindaraj
The Branch Manager vs Monohar (Deceased) on 24 April, 2017
Bench: S.Manikumar , M.Govindaraj
The Assistant Manager vs The Managing Director on 8 December, 2017
Bench: S.Manikumar , R
