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Reputation: 642,713  •  Aug 23, 2023 4:41 AM
Future Group companies moves to Delhi HC against a debt recovery tribunal order
Future Group companies moves to Delhi HC against a debt recovery tribunal order
These provisions are ultra vires the Act as they operate to obstruct/delay the recovery of loans by banks and other financial institutions and also “confer drastic and extraordinary powers” upon the tribunal to pass interim exparte order without prima facie satisfying that the conditions required for such restraint orders are met, the petition filed through counsel Pallavi Pratap stated.
The Economic Times

https://economictimes.indiatimes.com/industry/services/re...
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