UNITED BANK OF INDIA vs SATYAWATI TONDON .

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 debts owed to banks and financial institutions. The Court noted that the DRT Act establishes specialized tribunals with the authority to make summary adjudications, thereby barring the jurisdiction of Civil Courts in such matters as specified under Section 17. The judgment reinforced the legislative intent to create a swift and efficient mechanism for debt recovery, thereby facilitating industrial development and protecting public funds.