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Arun Kumar Arora and anr. Vs. Union of India (Uoi) and ors.

Court : Punjab and Haryana

Subject : Commercial

Acts : Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), 2002 - Sections 13(2), 13(4), 14 and 17(1); Recovery of Debts Due to the Banks and Financial Institutions Act, 1993 - Sections 13(4), 17, 17(1) and 22; Debts Recovery Tribunal (Procedure) Rules, 1993 - Rules 7 and 18; Security Interest (Enforcement) Rules, 2002 - Rules 8(1), 8(3), 9(6) and 9(9)

Reported in : AIR2006P& H211; (2006)144PLR1; [2007]74SCL237(Punj& Har)

Advocate for Respondent : Askish Rawal, Adv. and; Daya Chaudhary, S.C. for Respondent No. 1 and;

Vinod Kumar Sharma, J.1. Petitioners have challenged the order dated 22.2.2006 passed by the Debts Recovery Appellate Tribunal, Delhi, vide which appeal filed by M/s Punjab and Sind Bank and another against the order passed by...