SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2009 Supreme(Guj) 646

JAYANT PATEL
UNION BANK OF INDIA – Appellant
Versus
CHAIRPERSON - THE DEBTS RECOVERY APPELLATE TRIBUNAL – Respondent


Advocates Appeared:
MR. C.Z. SANKHLA for Petitioner(s): 1,
None for Respondent(s): 1 - 2, 4,
MR. UTKARSH B. JANI for Respondent(s): 3,

JUDGMENT

JAYANT PATEL, J. The petitioner by this petition is seeking appropriate writ for quashing and setting aside the order dated 11.11.2009 passed by the DRAT, Mumbai, whereby it has been held that the provisions of Section 5 of the Limitation Act applies to the proceedings under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as 'Securitisation Act') and therefore, the Tribunal which had earlier rejected the application for condonation of delay is directed to consider the matter in light of the provisions of Section 5 of the Limitation Act read with Section 17 of the Securitisation Act.

2. Heard Mr. Khare for Mr. Sankhla for the petitioner and Mr. Shukla with Mr. Jani for the respondent No.3 by caveat.

3. The contention raised on behalf of the petitioner is that the Debt Recovery Tribunal (hereinafter referred to as 'the Tribunal') is not a Court and as the Limitation Act applies to the Court, the provisions of the Limitation Act would not apply to the proceedings before the Tribunal, therefore, DRAT has committed error apparent on the face of record in taking view that Section 5 of th











































Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top