https://www.taxtmi.com/caselaws?id=303743 The Supreme Court expressed concern over delays in disposal by the Debts Recovery Tribunal (DRT) and Debts Recovery Appellate Tribunal (DRAT), emphasizing the importance of timely resolution under the RDB Act and SARFAESI Act. The Court found DRAT's grant of liberty to the auction purchaser to initiate action against the bank as beyond its jurisdiction, leading to deletion of this observation. The High Court's refusal to review this decision was overturned, highlighting the need for courts to uphold constitutional duties. The appeal was allowed, stressing the significance of efficient tribunal actions for economic stability. en-us Fri, 13 Sep 2013 00:00:00 +0530 Tue, 09 Aug 2022 10:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303743 The Supreme Court expressed concern over delays in disposal by the Debts Recovery Tribunal (DRT) and Debts Recovery Appellate Tribunal (DRAT), emphasizing the importance of timely resolution under the RDB Act and SARFAESI Act. The Court found DRAT's grant of liberty to the auction purchaser to initiate action against the bank as beyond its jurisdiction, leading to deletion of this observation. The High Court's refusal to review this decision was overturned, highlighting the need for courts to uphold constitutional duties. The appeal was allowed, stressing the significance of efficient tribunal actions for economic stability. Case-Laws Indian Laws Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303743