Revisional jurisdiction can only be invoked when allowing the application will finally terminate the proceeding: Rajasthan HC
Credits: The Wire By - Hiranmayi Gowravajhula* The Rajasthan High Court bench at Jaipur in a review petition regarding a loan fraud involving 8 banks held that the court's revisional authority can only be invoked when granting the application will result in the proceeding’s definitive end. The revision petition was filed against the order passed by the Commercial Court wherein the application filed by IDFC First Bank under Order VII, Rule 11 (rejection of suit barred by limitation) read with Section 151 Code of Civil Procedure (Statutory recognition of inherent powers of courts) and Sections 8 and 5 (extent of judicial intervention) of the Arbitration and Conciliation Act, 1996 was dismissed on the ground that the commercial court had no jurisdiction to decide the case and is barred by law. This case initially arose when Dr. Aruna Bamniya secured a loan from 7 banks worth Rs. 98,34,413/- and the loan amount credited to her account was fraudulently transferred to Kishan Hospital an...