Supreme Court of India · 2001-08-13
PUNJAB NATIONAL BANK vs O.C. KRISHNAN .
- Citation / case number
- SC 2000/19362
- Court
- Supreme Court of India
- Petitioner
- PUNJAB NATIONAL BANK
- Respondent
- O.C. KRISHNAN .
- Bench
- B.N. KIRPAL & N. SANTOSH HEGDE
Judgment text excerpt
The Supreme Court held that the order directing the sale of mortgaged property by the Debts Recovery Tribunal was appealable under Section 20 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The Court ruled that the High Court erred in exercising its jurisdiction under Article 227, as an alternative remedy was available under the Act. Consequently, the appeal was allowed, and the High Court's order was set aside, reinforcing the hierarchy of appeals established by the Act.