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january 2013

Supreme Court of India · 2013-01-22

UNION OF INDIA vs DEBTS RECOVERY TRIBUNAL BAR ASN..

Citation / case number
SC 2010/9763
Court
Supreme Court of India
Petitioner
UNION OF INDIA
Respondent
DEBTS RECOVERY TRIBUNAL BAR ASN..
Author
H.L. DATTU D.K. JAIN
Bench
H.L. DATTU D.K. JAIN

Judgment text excerpt

The Supreme Court upheld the High Court's directive for the Union of India to provide adequate space for the functioning of Debts Recovery Tribunals (DRTs) as mandated by the Recovery of Debts Due to Banking and Financial Institutions Act, 1993. The Court emphasized the necessity of proper infrastructure for the efficient operation of DRTs to ensure timely recovery of debts. The appeals by the Union of India were dismissed, affirming the High Court's order for the construction of a dedicated building for the DRTs within three years.

UNION OF INDIA vs DEBTS RECOVERY TRIBUNAL BAR ASN.. · Niyam