In Brief
Neel Enterprises challenged a Debt Recovery Tribunal's refusal to condone a 14-day delay in filing an objection to a bank notice under the Securitisation Act, 2002. The Supreme Court held that in light of the entire facts—including the lapse of 4 years since the notice was issued and the case pending in the Supreme Court for 2 years—the interests of justice required permitting the appellant to pursue his objection. The Court set aside the DRT's order, condoned the delay, and remitted the matter to the DRT for disposal within two months.
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