MSME CASES IN DRT-NPA Classification Illegal
DRT Sets Aside SARFAESI Proceedings After Declaring MSME Loan Account NPA Classification Illegal. The Tribunal quashed the entire recovery proceedings, including auction and possession actions initiated by the bank. In a significant ruling dated 03 March 2026, the Debts Recovery Tribunal (DRT), Chandigarh held that: SARFAESI proceedings initiated against an MSME borrower were illegal because … Read more
