M/S. Neel Enterprises vs State Bank Of India

The Supreme Court held that the Debt Recovery Tribunal (DRT) must consider the appellant's objections to the notice issued under Section 13(2) of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, despite a 14-day delay in filing. The Court set aside the High Court's order that declined to condone the delay and directed the DRT to dispose of the matter within two months, emphasizing the need for timely justice. The appeal was disposed of with the delay condoned and interim orders to remain in effect until the DRT's decision.