Case Law Analysis
|Punjab and Haryana High Court
DRT Lacks Contempt Power & Credit Limit Reinstatement Authority Under SARFAESI Act : Punjab & Haryana HC
Punjab & Haryana High Court clarifies that Debt Recovery Tribunals (DRTs) cannot initiate contempt proceedings or direct banks to reinstate credit limits, as their jurisdiction is strictly confined to Section 19(25) of the Recovery of Debts and Bankruptcy Act, 1993. The ruling underscores that DRTs must adhere to statutory boundaries, preventing overreach in enforcement actions against banks or borrowers.