Discretion vested with Judicial Forum must be exercised lawfully in a Judicious manner

Ganpat Pannalal Vs State Bank of India (Madhya Pradesh High Court) Conclusion: In the said case, the Hon’ble High Court while remanding the case to the Tribunal observed that the Tribunal under Section 22(1)(g) of the Recovery of Debts and Bankruptcy Act, 1993 was competent to restore the Securitization Application by imposition of reasonable cost only and not the conditions. Further, it was observed that the discretion whether vested with the administrative authority or a judicial forum must be exercised in a judicious manner and within the four corners of enabling statutory provision. Fact...