Ex-Directors Cannot Reopen Withdrawn Loan Cases to Alter Records: DRAT

State Bank of India Vs Jayaram Soni (DRAT Kolkata) The appeal arises from the order dated 12 October 2022 passed by the Debts Recovery Tribunal (DRT), Jaipur, in Miscellaneous Application (M.A.) No. 70/2022, in which the DRT directed the appellant bank to update the credit information of the applicants with the CIBIL bureau. The appellant, State Bank of India, challenged this order before the Debt Recovery Appellate Tribunal (DRAT), Chennai. Subsequently, M.A. No. 70/2022 was filed by Jayaram Soni and Priyanka Soni, former directors and co-guarantors, seeking to remove the reference to their l...