Calcutta HC Upholds DRAT Order dismissing Appeal of MSME against action of Bank under SARFAESI Act

The Calcutta High Court has upheld a DRAT (Debt Recovery Appellate Tribunal) order that "dismissed an appeal of an MSME against a bank's action under the SARFAESI Act." The court found that the MSME's challenge to the bank's enforcement of a security interest was without merit. The ruling reinforces the powers of banks to take action against defaulting borrowers under the SARFAESI Act and the importance of due process. This decision provides support to financial institutions in their efforts to recover non-performing assets.