The Supreme Court will hear arguments on whether the appointment process and functioning of Debt Recovery Tribunals (DRTs) as provided under the Recovery of Debts and Bankruptcy Act, 1993 are taking place as per its previous decisions..A Bench of Justices AK Goel and UU Lalit appointed Senior Advocate Arvind Datar to assist the Court as Amicus Curiae in the matter..The order was passed in a petition by one Rojer Mathew against South Indian Bank. Advocate Renjith B Marar, along with advocates Lakshmi N Kaimal and Vasudha Gupta appeared for the appellant, while Senior Advocate V Giri represented the respondent Bank..The Court in its order noted,.“During the course of hearing our attention has been invited to the issue of appointment norms and functioning of Debt Recovery Tribunals. It is pointed out that the appointment process and the functioning as provided under the Recovery of Debts and Bankruptcy Act, 1993 is not as per the observations in the judgments of this Court to uphold the independence of judiciary. Learned counsel for the parties may address the Court in greater detail.”.It also appointed Arvind Datar as Amicus Curiae..“We also request Mr. Arvind P. Datar, learned senior counsel, to assist the Court on the above aspect as amicus.”.The matter is now listed for hearing on October 31..Read the order below. .Click here to download the Bar & Bench Android App
The Supreme Court will hear arguments on whether the appointment process and functioning of Debt Recovery Tribunals (DRTs) as provided under the Recovery of Debts and Bankruptcy Act, 1993 are taking place as per its previous decisions..A Bench of Justices AK Goel and UU Lalit appointed Senior Advocate Arvind Datar to assist the Court as Amicus Curiae in the matter..The order was passed in a petition by one Rojer Mathew against South Indian Bank. Advocate Renjith B Marar, along with advocates Lakshmi N Kaimal and Vasudha Gupta appeared for the appellant, while Senior Advocate V Giri represented the respondent Bank..The Court in its order noted,.“During the course of hearing our attention has been invited to the issue of appointment norms and functioning of Debt Recovery Tribunals. It is pointed out that the appointment process and the functioning as provided under the Recovery of Debts and Bankruptcy Act, 1993 is not as per the observations in the judgments of this Court to uphold the independence of judiciary. Learned counsel for the parties may address the Court in greater detail.”.It also appointed Arvind Datar as Amicus Curiae..“We also request Mr. Arvind P. Datar, learned senior counsel, to assist the Court on the above aspect as amicus.”.The matter is now listed for hearing on October 31..Read the order below. .Click here to download the Bar & Bench Android App