Supreme Court of India · 2013-01-22
Union Of India & Ors vs Debts Recovery Tribunal Bar Asn.& Anr
- Citation / case number
- AIR 2014 SC (SUPP) 609
- Court
- Supreme Court of India
- Petitioner
- Union Of India & Ors
- Respondent
- Debts Recovery Tribunal Bar Asn.& Anr
- Bench
- D.K. Jain, H.L. Dattu
Judgment text excerpt
The Supreme Court addressed the inadequacy of infrastructure for Debts Recovery Tribunals (DRTs) under the Recovery of Debts Due to Banking and Financial Institutions Act, 1993. The Court upheld the High Court's directive for the Union of India to ensure adequate accommodation for the functioning of both DRTs at Chandigarh, emphasizing the need for timely construction of facilities within three years. The Court recognized the urgent need for improved infrastructure to facilitate the expeditious recovery of debts by banks and financial institutions.