Supreme Court of India · 2013-05-07
BANK OF MAHARASHTRA vs PANDURANG KESHAV GORWARDKAR .
- Citation / case number
- SC 2005/12529
- Court
- Supreme Court of India
- Petitioner
- BANK OF MAHARASHTRA
- Respondent
- PANDURANG KESHAV GORWARDKAR .
- Author
- R.M. LODHA
- Bench
- R.M. LODHA,J. CHELAMESWAR,MADAN B. LOKUR
Judgment text excerpt
The Supreme Court addressed the issue of whether claims of workmen for payment pari passu should be adjudicated by the official liquidator or the Debts Recovery Tribunal (DRT) under the Recovery of Debts due to Banks and Financial Institutions Act, 1993. The Court held that the DRT has jurisdiction to adjudicate such claims and emphasized the need for a clear procedure to be established for the Recovery Officer. The appeals were allowed, affirming the DRT's role in prioritizing workmen's claims in insolvency proceedings.