Supreme Court of India
Punjab National Bank, Dasuya v. Chajju Ram 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.
What the Court ordered
For the aforesaid reasons, the appeal is allowed and the judgment of the High Court is set aside, with costs throughout. v.s.s.
Judgment, page 6
From the headnote
Debt Laws: Recovery of Debts Due to Banks and Financial Institutions Act, 1993 : Sectiofts 1(4), 2(9), 17, 18, 31, 31- and 34. Execution application-Entertaining of-By Debts Recovery Tribunal Jurisdiction of-Civil Court passed a decree in favour of a Bank for a sum which exceeded the minimum prescribed under S.1 ( 4 )-But the decree was not executed till the Debts Recovery Tribunal was established-Held, Tribunal has jurisdiction to entertain the execution application and not the civil court Further, 0.21 R.10 CPC not applicable to such cases-Recovery of Debts Due to Banks and Financial
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