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India

DRT-approved loan settlement bars initiation of criminal case against borrower: SC

In a significant ruling aimed at preserving the sanctity of negotiated settlements in commercial disputes, the Supreme Court has held that criminal proceedings against a borrower cannot be initiated or continued once the borrower and the lending bank have entered into a compromise settlement that has been approved by the Debt Recovery Tribunal (DRT).

Sanjay Tandon accuses Chandigarh MP of non-performance, says his two-year report card proves he is a weekend MP

Senior BJP leader and member of BJP’s National Council Sanjay Tandon on Wednesday launched a sharp attack on Chandigarh MP Manish Tewari, stating that despite being in office as MP for two years, the Congress leader has completely failed to fulfill the promises and guarantees he made to the people of Chandigarh during the 2024 Lok Sabha elections.