United Bank Of India vs Satyawati Tondon & Ors

The Supreme Court upheld the constitutionality of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (DRT Act), emphasizing its purpose to expedite the recovery of dues owed to banks and financial institutions. The Court noted that the DRT Act establishes specialized tribunals with summary procedures, thereby barring the jurisdiction of Civil Courts as per Section 17 of the Act. The judgment reinforced the need for a swift legal mechanism to address the backlog of cases involving financial recovery, ensuring that public funds are not trapped in unproductive ventures.