P.N.B., DASUYA, PUNJAB vs CHAJJU RAM

The Supreme Court held that under Section 31 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, execution proceedings pending before a Civil Court are to be transferred to the Debts Recovery Tribunal if they relate to debts as defined in Section 2(g) of the Act. The Court reaffirmed its earlier decision in Allahabad Bank vs. Canara Bank, establishing that the term 'proceeding' includes execution proceedings. The High Court's reversal of the trial court's order to transfer the execution proceedings was set aside, affirming the Tribunal's exclusive jurisdiction over such matters.