CUTTACK, India, March 11 -- Orissa High Court issued the following order on Feb. 10:
1. A successful auction buyer of security property is invoking the writ jurisdiction of this Court for assailing the order dated 14.02.2025 made by the Debts Recovery Appellate Tribunal (DRAT), Kolkata whereby Appeal No.76 of 2024, filed by Opposite Party No.1 (hereinafter 'borrower') having been favoured, order dated 29.02.2024 made by DRT dismissing borrower's S.A. NDN 2519 of 2019 has been set at naught and matter is remitted to the DRT for disposal afresh, on merits.
2. Learned counsel appearing for the Petitioners submits that under the statutory policy enacted by the Parliament in Section 17 of the Securitization and Reconstruction of Financial Ass...