Supreme Court disposes SLP challenging Allahabad HC order quashing DRT's procedural closure of bank's right to file reply.
Directs Debt Recovery Tribunal Lucknow to dispose Securitisation Application No.617/2022 within six weeks on merits.
Permits Punjab National Bank to file counter affidavit within one week to oppose the SA filed after 939-day delay.
HC had criticized DRT's violation of natural justice by closing bank's reply opportunity on same day as delay condonation.