The Bombay High Court has quashed an order passed by the District Consumer Dispute Redressal Commission, Akola, and subsequent recovery proceedings against Srei Equipment Finance Limited, holding them to be in contravention of the Insolvency and Bankruptcy Code (IBC), 2016.
The petition was filed by Srei Equipment Finance Limited, which was undergoing the Corporate Insolvency Resolution Process (CIRP). The petitioner challenged an order dated 20.07.2022 passed by the Consumer Commission in a complaint filed by a customer, Rajesh Bajirao Khandewar.
The complaint, which was initially filed against the petitioner’s employees, concerned the alleged illegal repossession of the customer’s JCB machine. The Commission had…