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january 2013

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.

Union Of India & Ors vs Debts Recovery Tribunal Bar Asn.& Anr · Niyam