MSME council does not have jurisdiction over debt issues

The apex courtstated in the case of Bank of India vs Yadav Consultancy Services, that the Debt Recovery Tribunals (DRTs) are presided over by people with judicial experience.

The Micro, Small and Medium Enterprises Facilitation Council has no jurisdiction and it was the debt recovery tribunal (DRT) which will decide the issues. Moreover, in this case, the parties had submitted to the earlier orders of the tribunals and therefore the commissioner could not have challenged their jurisdiction.

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