Supreme Court of India · 2000-05-05
Hara Parbati Cold Storage Pvt. Ltd. And ... vs Uco Bank And Ors.
- Citation / case number
- AIRONLINE 2000 SC 430
- Court
- Supreme Court of India
- Petitioner
- Hara Parbati Cold Storage Pvt. Ltd. And ...
- Respondent
- Uco Bank And Ors.
- Author
- M. Jagannatha Rao
- Bench
- M.Jagannadha Rao, M.B. Shah
Judgment text excerpt
The Supreme Court held that under Section 31 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993, all suits from civil courts must be automatically transferred to the Debts Recovery Tribunal, regardless of whether they were originally filed in the High Court or transferred under Section 24 of the CPC. The Court reversed the Calcutta High Court's Single Judge decision, affirming that the High Court lacks jurisdiction to deal with such matters once they exceed the pecuniary limits specified in the Act. The appeal was dismissed with costs of Rs. 5000.