2003 (1) TMI 548 - HC - Companies Law

Summary

The High Court of Madhya Pradesh dismissed a writ challenging a notice issued by the Debt Recovery Tribunal for recovery of outstanding loan amount. The court held that the petitioner should file a written statement in response to the suit and raised all defenses during the trial. The court declined to express an opinion on the previous decision by the Tehsildar and directed the parties to appear before the Tribunal for further proceedings within six months.