M/S Vinedale Distilleries Ltd.& Anr vs Dena Bank & Ors

The Supreme Court allowed the Transfer Petitions filed by M/s Vinedale Distilleries Ltd. for transferring two Original Applications pending before the Debts Recovery Tribunal (DRT) Hyderabad to the DRT Jhandewalan, Delhi. The Court emphasized the need for a unified jurisdiction to avoid conflicting decisions regarding the management of the company, as previously directed in Transfer Petition (C) No.945 of 2006. The judgment is based on the provisions of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and Section 17 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.