Authority: Supreme Court of India (Partial Court Working Days Bench)
Order Date: 10-07-2026
Case Overview
- Petitioners: Dalbir Singh Wariah & Anr.
- Respondents: M/s JM Financial Asset Reconstruction Company Limited & Ors.
- Origin: Special Leave Petition (C) No. 22346/2026 arising from the impugned final judgment and order dated 17‑04‑2026 in CWP No. 11429/2026 of the High Court of Punjab & Haryana.
- Core issue: Interpretation of Section 17 of the SARFAESI Act concerning whether the Debt Recovery Tribunal (DRT) has jurisdiction to condone delay in enforcement proceedings.
- The Court observed divergent High Court views: the High Courts of Kerala, Calcutta and Madras hold that DRT lacks jurisdiction, whereas the High Courts of Punjab & Haryana, Bombay and Andhra Pradesh hold that DRT does have jurisdiction.
Final Outcome
- The Court issued a procedural order directing:
- Issuance of notice.
- Tagging of the petition with Special Leave Petition (Civil) Diary No. 71961/2025.
- Maintenance of the status quo until the next hearing.
- No substantive ruling on the jurisdictional question was rendered.
Topics: SARFAESI Act, DRT Jurisdiction