Appeal Dismissed for Repetitive Recovery Applications Instead of Auction Steps

ICICI Bank Vs Maharana Pratap Education Center (DRAT Allahabad) The appeal before the Debts Recovery Appellate Tribunal (DRAT), Allahabad, was filed under Section 20 of the Recovery of Debts and Bankruptcy Act, 1993, challenging an order dated 20 June 2019 passed in an appeal under Section 30 of the Act. The dispute arose from recovery proceedings initiated pursuant to a recovery certificate issued after the Bank’s original application for recovery was decreed. An Original Application filed by the Bank in 2016 was allowed on 8 June 2017, followed by issuance of a recovery certificate on 9 Ju...