Supreme Court of India
United Bank of India v. The Debts Recovery Tribunal and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
The Recovery of Debts Due to Banks and Financial Institutions Act, 1993: Sections 17(1), 3(1), 2(g), 18 and 31-Jurisdiction of Debts Recovery Tribunal-Claims of Banks and Financial Institutions-Held, the entire averments in the plaint should be examined to find out whether the claims are such that it is possible to oust the jurisdiction of the tribunals-Expression 'debt' has to be given the widest amplitude and objects of the Act have t(),. be taken into consideration to' interpret the provisions of the Act-Hence, suit filed by the appellant-bank for recovery of debt from one of the several
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