DRT Orders and Judgements

DRT Orders and Judgements

DRT / DRAT ORDERS AND JUDGMENTS

LIST OF LEADING SUPREME COURT JUDGMENTS AND AUTHORITATIVE PRECEDENTS

(Applied in DRT / DRAT / SARFAESI Act / RDB Act / Bank Recovery Matters)

Note: This list contains (i) landmark Supreme Court judgments and (ii) authoritative precedents whose principles are consistently applied by DRTs/DRATs, even if arising under allied statutes (Companies Act, IBC, Contract Act, etc.).

A. Jurisdiction, Constitutional Validity & Forum Control

Allahabad Bank v. Canara Bank, (2000) 4 SCC 406
Union of India v. Delhi High Court Bar Association, (2002) 4 SCC 275
Mardia Chemicals Ltd. v. Union of India, (2004) 4 SCC 311
Transcore v. Union of India, (2008) 1 SCC 125
Nahar Industrial Enterprises Ltd. v. HSBC, (2009) 8 SCC 646
Central Bank of India v. State of Kerala, (2009) 4 SCC 94
United Bank of India v. Satyawati Tondon, (2010) 8 SCC 110
Punjab National Bank v. O.C. Krishnan, (2001) 6 SCC 569
Kanaiyalal Lalchand Sachdev v. State of Maharashtra, (2011) 2 SCC 782
Jagdish Singh v. Heeralal, (2014) 1 SCC 479
Hindon Forge Pvt. Ltd. v. State of U.P., (2019) 2 SCC 198
Phoenix ARC Pvt. Ltd. v. Vishwa Bharati Vidya Mandir, (2022) 5 SCC 345
South Indian Bank Ltd. v. Naveen Mathew Philip, (2023) 6 SCC 1

B. SARFAESI Act – Sections 13 & 14 (Possession & Measures)

Standard Chartered Bank v. V. Noble Kumar, (2013) 9 SCC 620
Indian Overseas Bank v. Ashok Saw Mill, (2009) 8 SCC 366
Mathew Varghese v. M. Amritha Kumar, (2014) 5 SCC 610
Authorized Officer, Indian Bank v. D. Visalakshi, (2019) 20 SCC 47
Harshad Govardhan Sondagar v. IARC, (2014) 6 SCC 1
Authorised Officer v. Mathew K.C., (2018) 3 SCC 85
Balkrishna Rama Tarle v. Phoenix ARC Pvt. Ltd., (2022)
NKGSB Cooperative Bank Ltd. v. Subir Chakravarty, (2022)
R.D. Jain & Co. v. Capital First Ltd., (2022)

C. Auction, Sale, Valuation & Sale Certificate

ITC Ltd. v. Blue Coast Hotels Ltd., (2018) 15 SCC 99
Agarwal Tracom Pvt. Ltd. v. Punjab National Bank, (2018) 1 SCC 626
Narandas Karsondas v. S.A. Kamtam, (1977) 3 SCC 247
Valji Khimji & Co. v. Official Liquidator, (2008) 9 SCC 299
Rajasthan Financial Corporation v. Official Liquidator, (2005) 8 SCC 190
Celir LLP v. Bafna Motors (Mumbai) Pvt. Ltd., (2023) 10 SCC 1
Shree Vijay Cotton & Oil Mills v. State of Gujarat, (1991) 1 SCC 262
State Bank of India v. Rajesh Agarwal, (2023) 6 SCC 1

D. Refund, Forfeiture & Auction Purchaser Rights

Haryana Financial Corporation v. Jagdamba Oil Mills, (2002) 3 SCC 496
City Montessori School v. State of U.P., (2009) 14 SCC 253
Union of India v. Tata Chemicals Ltd., (2014) 6 SCC 335
Kailash Nath Associates v. DDA, (2015) 4 SCC 136
UCO Bank v. Dipak Debbarma, (2017) 2 SCC 585
Bank of Baroda v. Parasaadilal Tursiram Sheetgrah, (2022)

E. RBI Circulars, NPA & Banking Discipline

Central Bank of India v. Ravindra, (2002) 1 SCC 367
ICICI Bank Ltd. v. APS Star Industries Ltd., (2010) 10 SCC 1
Axis Bank Ltd. v. SBS Organics Pvt. Ltd., (2016) 12 SCC 18
Swiss Ribbons Pvt. Ltd. v. Union of India, (2019) 4 SCC 17
Dena Bank v. C. Shivakumar Reddy, (2021) 10 SCC 330
Bijnor Urban Cooperative Bank v. Meenal Agarwal, (2021) 11 SCC 376

F. Limitation, Recovery Certificate & Procedure

Babulal Vardharji Gurjar v. Veer Gurjar Aluminium Industries, (2020)
Jignesh Shah v. Union of India, (2019) 10 SCC 750
Sesh Nath Singh v. Baidyabati Sheoraphuli Coop Bank, (2021)
SBI v. Jah Developers Pvt. Ltd., (2019) 6 SCC 787
Raghunath Rai Bareja v. Punjab National Bank, (2007) 2 SCC 230

G. Fraud, Natural Justice & Equity (Applied in DRT)

S.P. Chengalvaraya Naidu v. Jagannath, (1994) 1 SCC 1
A.V. Papayya Sastry v. Govt. of A.P., (2007) 4 SCC 221
Maneka Gandhi v. Union of India, (1978) 1 SCC 248
Mohinder Singh Gill v. Chief Election Commissioner, (1978) 1 SCC 405
Kranti Associates v. Masood Ahmed Khan, (2010) 9 SCC 496

H. Cross-Forum / Allied Jurisdiction (Frequently Relied Upon)

Embassy Property Developments Pvt. Ltd. v. State of Karnataka, (2019)
Vidya Drolia v. Durga Trading Corporation, (2020)
Electrosteel Castings Ltd. v. UV Asset Reconstruction Co. Ltd., (2021)