1999 INSC 0425
                                                 Sita Ram Singhanta

                                                           Vs.

                                          Bank of Tokyo-Mitsubishi Ltd.

                                Special Leave Appeal (Civil) No. 6759 of 1999

                                       (B. N. Kirpal, S. Rajendra Babu JJ)

                                                      11.05.1999

                                                     JUDGMENT

B.N. Kirpal, J.

1. We see no reason why the High Courts in such matters filed by the defendants in suits instituted
by the banks before the Debut Recovery Tribunal should more or less as a matter of course grant
stay of proceedings before the Tribunals. The very purpose of setting up the Tribunals will be lost
by granting stay merely because there is challenge to the notification constituting the Tribunal. In
the present case, the High Court has rightly come to the conclusion that as the proceedings were
initiated in the State of Madhya Pradesh, the Allahabad High Court had no jurisdiction.

2. The special leave petition is dismissed.

Petition dismissed.