2017 (1) TMI 1505

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....han, Devesh Kumar Agnihotri, Govind Jee, Rohit Kumar Singh, R. Chandrachud, D.L. Chidananda, R.K. Verma, R.R. Rajesh, Kuldeep S. Parihar, H.S. Parihar, Pranab Kumar Mullick, Sebat Kumar Deuria, A. Chatterjee, Mudit Sharma, Lalit Bhasin, Vishal Gehrana, Milanda Sharma, Pankaj Pandey, P. Parmeswaran, Rajeev Sharma, Vikas Mehta, Ms. Kamini Jaiswal, Ms. Binu Tamta, Ms. Anil Katiyar, Ms. Soma Mullick, ....

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....unals for expeditious adjudication and recovery of dues due to banks and financial institutions. 2. At present, thirty four Debt Recovery Tribunals and five Appellate Tribunals are functioning in the country. In financial year 2015-16 these Tribunals disposed of about 16,000 original applications involving a total amount of Rs. 34,000 crores. Since their inception until 31 October, 2015, the....

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...., the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016 was introduced in the Lok Sabha on 11 May, 2016. The Bill was referred to a Joint Committee of both Houses of Parliament. The Committee presented its Report to the Lok Sabha on 22 July, 2016. Eventually, a law has been enacted by both the Houses of Parliament and published in the E-....

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....suffer from a lack of adequate infrastructure, manpower and resources. Having due regard to the important adjudicatory function which is entrusted to these Tribunals, the efficacy of parliamentary legislation will depend in a large measure on the efficiency with which the Tribunals discharge their duties. 5. We accordingly direct the Union Government to file an affidavit specifically dealing....