State Bank Of India And Ors vs Kingfisher Airlines Ltd. And Ors

The Supreme Court addressed the special leave petitions filed by State Bank of India and 13 other banks against the Karnataka High Court's refusal to grant interim relief in a recovery matter involving loans classified as non-performing assets. The Court emphasized the importance of expeditious hearings in debt recovery cases under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, and held that the High Court's inaction warranted intervention. The Court directed the Debt Recovery Tribunal to expedite the consideration of the banks' applications, thereby facilitating the recovery process.