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drt/securitisation acts

Querist : Anonymous (Querist) 28 April 2010 This query is : Resolved 
1.If rehabilitation proposal is pending with bank,can the bank move for recovery proceedings as per the above acts?
2.The decree awarded by DRT to bank has been set-aside by DRAT and trial has begun again.Bank has proceeded under securitisation act.In such a situation what remedy is available to the borrower in view of the fact that debt is yet to be
adjudicated/crystallised by court of law ?
3.A damage suit is pending at the civil court against the bank but yet to be heard by the court.Can this be filed in DRT at this stage when initially it was not filed alogwith the WS.Since the DRT is again hearing cross examination and that DRAT has set-aside earlier decree is it possible now to transfer the damage suit to DRT ?
Uma parameswaran (Expert) 28 April 2010
If there is no stay the Bank can move with recovery proceedings.Damage suit could not file before DRT.
Querist : Anonymous (Querist) 28 April 2010
The first part remains un-answered.Can I hv some more vivid views?
Querist : Anonymous (Querist) 30 April 2010
Still waiting for answers.


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