NARENDRA KUMAR vs CHAIRMAN AND MANAGING DIRECTOR SYNDICATE BANK

The Supreme Court addressed the issue of appointment and extension of tenure for the Recovery Tribunal, Allahabad, under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The Court held that the extension of tenure must comply with the statutory provisions and that any arbitrary extension without proper justification is impermissible. The Court emphasized the need for adherence to procedural norms in appointments, thereby ensuring transparency and accountability in the functioning of the Tribunal.