Recovery of outstanding amounts - NPA - Forum Shopping - It is a ...

Court Condemns Forum Shopping by Bank; Case Remanded to Adjudicating Authority for Comprehensive Hearing Involving All Parties.

June 13, 2022

Case Laws Insolvency and Bankruptcy AT

Recovery of outstanding amounts - NPA - Forum Shopping - It is a settled law that the practice of Forum Shopping be condemned as it is an abuse of law. This case is beyond doubt falls under the category of Forum Shopping as it is a classic example of Forum Shopping when the Respondent Bank has approached one Court for relief but does not get the desired relief and then approached another court for the same or similar relief. - It is deemed fit and proper to remand back the matter to the Adjudicating Authority to give a patience hearing also to the Appellant and the Respondents including the RP and then to decide the matter - AT

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Recovery of outstanding amounts - NPA - Forum Shopping - It is a ...

Court Condemns Forum Shopping by Bank; Case Remanded to Adjudicating Authority for Comprehensive Hearing Involving All Parties.

June 13, 2022

Case Laws Insolvency and Bankruptcy AT

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