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august 2001

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.

PUNJAB NATIONAL BANK vs O.C. KRISHNAN . · Niyam