Bank Of Rajasthan Ltd vs Vck Shares & Stock Broking Services Ltd

The Supreme Court ruled that under Section 19 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (RDB Act), a Debt Recovery Tribunal (DRT) has jurisdiction to hear counter-claims and set-offs made by debtors. The Court held that the legislative scheme of the RDB Act allows such claims to be tried by the DRT, thus affirming the DRT's authority over the matter. The judgment of the High Court allowing the respondent's appeal against the Single Judge's order was set aside, reinforcing the DRT's jurisdiction.