2002 (11) TMI 683 - HC - Companies Law

Summary

The High Court of Karnataka allowed a writ petition, setting aside an office order and remitting the matter back to the Tribunal for reconsideration. The order passed by the Presiding Officer and Registrar of Debt Recovery Tribunal is appealable under the Recovery of Debts due to Banks and Financial Institutions Act, 1993. The legal representatives' application can be considered without setting a precedent. The decision of the Single Judge will not be a precedent, and the Debt Recovery Tribunal should expedite the matter. The appeal was disposed of with no order as to costs.