Person aggrieved by recovery officer’s order should prefer appeal before Debts Recovery Tribunal

Official Liquidator Vs ICICI Bank Limited (DRAT Chennai) DRAT Chennai held that person aggrieved by an order of the recovery officer can prefer an appeal before Debts Recovery Tribunal. Accordingly, DRAT disposes of this Appeal by sending the appeal to DRT. Facts- This Appeal is filed as directed by the order passed by Honble High Court of Madras. Notably, the Company Application Nos. 884 to 886/2008 in Company Petition No.57/1998 were filed by the Administrator/Provisional Liquidator of the Appellant Company namely M/s. Max worth Orchards (India) Limited invoking the powers under Sections 12...