Which is the DRT judgment of Union Bank of India?

◙ DRTS-018 DRT-II Kolkota judgment and order on ‘SA No 101 of 2011’ in the matter of ‘Azmeer Business Pvt Ltd. vs Union Bank of India’ decided on 04.06.13. The case has been decided in favour of the borrower.

Can a liquidation of a company delay the bank auction?

Sometimes the liquidation of the company is applied to delay the bank auction. The recent change in the SARFAESI Act empowers District Magistrate to assist secured creditor i.e. bank in taking over the management of the company, in the case of payment default by the company.

Is the Kerala High Court judgment in Sami VS Bank of India appealable?

◙ DRTS-09 Kerala High Court Judgment on ‘Bank’s Application to Magistrate u/s 14 is appealable to DRT u/s 17’ in the matter of ‘Sami vs Bank of India’ decided on 22.07.11. Full text of the judgment with our comments is available vide link http://www.drtsolutions.com/Magistrate-Appeal.htm Important portions of the judgment have been marked in Red.

Which is the Bombay High Court judgment on condonation of delay?

◙ DRTS-01 Bombay High Court Judgment on Condonation of Delay in the matter of Manilal Govindji Khona vs Indian Bank decided on 29.08.12 :- Full text of this judgment with our comments is available on this site vide link www.drtsolutions.com/condonation_delay.htm Important portions of the judgment have been marked in Red.

What happens if a debt collector wins a judgment?

After a debt collector sues you for the debt and wins a judgment, it can get a court order for your bank or credit union to turn over money from your account or prepaid card. This is called a “ garnishment.”

When to respond to a debt collection lawsuit?

Worse, the collector may be able to add attorney’s fees, court costs or interest to the balance. In some cases, the balance can double or triple due to these additional costs. Responding to a debt collection lawsuit, then, is a must. Once the plaintiff (the collection agency or creditor) files a lawsuit, the matter is put before the court.

How to deal with Discover credit card debt after a judgment?

I went to court on a balance of approx $4300 and agreed that I owed it. The attorney representing all the plaintiff’s told a group of us not to contact the collection companies but to wait to be summoned back to court and the judge would assist in a payment arrangement.

What happens when you get served papers for debt?

One thing that happens when you get served papers for debt is that the burden of proof rests heavily with the plaintiff. That means the person suing you has to prove: That you are responsible for the debt; That they have the right to sue you; That you owe a specific amount