Loan Restructuring Delay Not a Ground to Stall Proceedings: DRAT Kolkata

YFC Private Ltd. & Ors. Vs Bank of Baroda & Ors. (DART Kolkata) The Debt Recovery Appellate Tribunal (DRAT), Kolkata, dismissed an appeal filed by YFC Private Ltd. & Ors. against Bank of Baroda & Ors., upholding the Debt Recovery Tribunal (DRT)’s refusal to grant a three-month extension for loan account restructuring. The underlying case is an Original Application (O.A.) filed by the bank in 2023 under Section 19 of the Recovery of Debts and Bankruptcy (RDB) Act, which remains pending. The appellants, who are the borrowers, sought the extension after their initial restruc...