The Supreme Court in State Bank of Patiala vs. Mukesh Jain, has held that the Debt Recovery Tribunal (DRT) has jurisdiction to entertain an appeal as per Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, even if the amount involved is less than Rs 10 lakh. A bench comprising Justice Anil R Dave and Justice L Nageswara Rao, however, clarified that appellate jurisdiction need not be misunderstood with the original jurisdiction of the tribunal.
Article referred: http://www.livelaw.in/appeal-drt-maintainable-even-amount-involved-less-rs-10-lakh-sc/
Article referred: http://www.livelaw.in/appeal-drt-maintainable-even-amount-involved-less-rs-10-lakh-sc/
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