Sarfesi cmm court proceedings vs drt proceedings

Management Consultant

Respected Sir,

Please clarify as to when a Bank will approach CMM court and when a DRT court.

Outstanding loan amount is close to 3 crore rupees and Bank is presently looking for physical possession.

I am of the view that Bank must first approach DRT court and instead it is trying to drag us into CMM court with a civil suit.

Thanks to advise.

 
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Advocate

bank will file case in DRT.
 
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