Standard Chartered Bank vs Mstc Limited

The Supreme Court addressed issues under the Recovery of Debts and Bankruptcy Act, 1993, specifically Section 19, regarding the jurisdiction of Debt Recovery Tribunals (DRTs). The Court upheld the DRT's jurisdiction to hear the case despite challenges from the respondent, MSTC Limited, and clarified that the Limitation Act, 1963, does not apply to review petitions under Rule 5A of the Debt Recovery Tribunal (Procedure) Rules, 1993. The Court affirmed the dismissal of the respondent's review petition and upheld the DRT's findings, leading to the dismissal of the appeal.