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may 2013

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.

BANK OF MAHARASHTRA vs PANDURANG KESHAV GORWARDKAR . · Niyam