Orders, reasoning and practical consequences

Tribunal Analysis

NCLT, NCLAT and DRAT case notes grounded in the original orders. Find the operative ruling, the reasoning that supports it and the limits that matter in practice.

39 articles · Explore all judgment analysis

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Publication dates describe our articles; order dates describe the underlying decisions. Source-check dates record the verification described in each note.

39 articles · Page 1 of 4

DRAT · Civil Procedure

Cancelled Auction, Unpaid Debt: DRAT Delhi’s Ghanshyam Lal Ruling

M/s Ghanshyam Lal Filling Station & Ors. v. UCO Bank

DRAT Delhi’s Ghanshyam Lal ruling explains why refunded auction proceeds did not satisfy the debt, and what evidence mattered in the recovery appeal.

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DRAT · Civil Procedure

DRAT Laxmi Mishra: Reusing a Deposit Did Not Decide the Stay

Smt. Laxmi Mishra v. Indian Bank

DRAT credited Laxmi Mishra’s unrefunded deposit to a new appeal and ordered a prompt stay decision. The possession protection was expressly limited.

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DRAT · Civil Procedure

DRAT Multani: Impleadment Liberty Was Not an Injunction

M/s Multani Oil Mill and others v. Federal Bank Financial Services Limited

Multani Oil Mill received liberty to implead the auction purchaser and seek protection. DRAT did not itself restrain transfer or invalidate the sale.

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DRAT · Civil Procedure

DRAT Raju: Legible Papers Warranted a Limited Fresh Application

K. Raghu Rama Krishna Raju v. Canara Bank

Raju permits a confined application about receipt of legible OA papers. It does not automatically admit the written statement or decide recovery.

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DRAT · Civil Procedure

DRAT A.R.A. Fuel Station: Missing Objections Led to Remand

The Authorized Officer, Central Bank of India v. M/s A.R.A. Fuel Station

A.R.A. Fuel Station explains why DRAT remanded for bank objections, a later possession notice and a merits hearing instead of deciding enforcement.

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DRAT · Civil Procedure

DRAT Thirugnanam: ₹15 Lakh Payment Did Not Guarantee a Stay

B. Thirugnanam, Jothi and T. Ganavigneshwar v. The Authorized Officer, Five-Star Business Finance Limited

DRAT reduced Thirugnanam’s payment direction to ₹15 lakh but left the stay decision to DRT. Read the distinction from appellate pre-deposit.

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DRAT · Civil Procedure

DRAT Chennai: Later Farm Evidence Did Not Prove the Agricultural-Land Exemption

V. Ajayakumar and U. Nithya v. Federal Bank Limited and another

DRAT Chennai's 21 October 2026 Ajayakumar order explains why later farm certificates and inspections failed to prove a SARFAESI Section 31(i) exemption.

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DRAT · Civil Procedure

DRAT: A Bank Could Not Be Compelled to Accept This OTS

State Bank of India v. Laxmi Devi and another

DRAT Delhi set aside a direction compelling SBI to accept a particular OTS. Read what remained for trial and why bank settlement rules mattered.

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DRAT · Civil Procedure

DRAT Glaxy: Limitation Remand Was Not Final Condonation

M/s Glaxy Education Society v. M/s Varthana Finance Private Limited and others

Glaxy separates an appeal’s condoned 89-day delay from an SA limitation remand. Read the 21October 2026 order without overstating the relief.

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NCLAT · Company Law

NCLAT: Loan Entries Alone Do Not Convert Share-Purchase Money into Financial Debt

Catalyst Refinery Services Private Limited v. Ganpati Global Private Limited

Catalyst Refinery v. Ganpati Global: why loan entries and TDS did not prove financial debt, what the NCLAT left open, and practical Section 7 evidence checks.

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DRAT · Civil Procedure

DRAT Jana: Service Evidence Required a Fresh Merits Hearing

The Authorised Officer, JANA Small Finance Limited v. Yoganada Swamy TA and Shalini S

DRAT Chennai remanded Jana’s service dispute after considering affixture and publication evidence. The remaining SARFAESI merits were left open.

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DRAT · Civil Procedure

DRAT PNB–Kotak: Sale-Proceeds Dispute Sent to Arbitration

PNB Housing Finance Limited v. State Bank of India and another; Kotak Mahindra Bank Limited substituted as appellant

DRAT substituted Kotak for PNB Housing and sent institutional sale-proceeds disputes to conciliation or arbitration, without deciding entitlement.

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