UNITED BANK OF INDIA vs THE DEBTS RECOVERY TRIBUNAL .

The Supreme Court held that the High Court erred in determining that the claim made by the United Bank of India was not a 'debt' as defined under Section 2(g) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The Court emphasized that the substance of the claim should be considered, and that a suit for recovery of a debt does not lose its character merely because ancillary reliefs are sought. The Court reinstated the jurisdiction of the Debts Recovery Tribunal to adjudicate the matter, thereby reversing the High Court's decision.