STANDARD CHARTERED BANK vs DHARMINDER BHOHI .

The Supreme Court addressed the delay in the disposal of applications by the Debts Recovery Tribunal and the Debt Recovery Appellate Tribunal, emphasizing the adverse impact on financial institutions and public interest. The Court held that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) must be effectively implemented to prevent undue delays in recovery processes. The appeal was allowed, reinforcing the need for timely adjudication in financial disputes under Section 13(2) and Section 17(1) of the SARFAESI Act.