Multiple choice

A suit has been filed by Bank-B in DRT located at place Z. Now the bank wants to transfer this case to another DRT located at place Y. It can be permitted by the

  1. High Court

  2. President of the DRT with consent of President of the other DRT

  3. Chairperson of DRAT having jurisdiction over both DRTs

  4. Chairperson of DRAT irrespective of jurisdiction over both DRTs
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under Section 17-A of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, the Chairperson of Appellate Tribunal may transfer any case from one tribunal to another depending on the merits of the case within jurisdiction of appellate tribunal, if an application seeking transfer is filed.

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