Fraud-Linked Liability Treated as ‘Debt’ Under RDB Act; DRAT Dismisses Appeal

Vijay Kumar Kushwaha Vs South Indian Bank Ltd. (DRAT Allahabad) The present appeal was filed under Section 20 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) against the order dated 29.05.2019, in which the Tribunal had rejected preliminary objections regarding the maintainability of Original Application (O.A.) No. 428/2018 filed by the respondent-Bank. The O.A. was initially filed before DRT Lucknow and later transferred to DRT Dehradun. After issuance of summons, the appellants appeared and raised objections challenging the maintainability of the O.A. filed by the Bank. The Tribu...