The Debt Recovery Tribunal, Jaipur dismissed a fresh Special Appeal between two financial institutions, holding that such matters must be settled by arbitration per a Supreme Court order.
The Special Appeal stands disposed of as dismissed.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 10
Case No.SA/571/2026
BHALA FINANCE PRIVATE LIMITED Vs MANIBHAVNAM HOME FINANCE INDIA PRIVATE LIMITED
Date: 01.07.2026 Proceedings through hybrid mode Present:
Shri Murag Baig, Counsel for the Applicant
This is a fresh SA and today is listed for issuance of notices.
This Tribunal fails to understand how the Registry has placed the matter before the undersigned as there is clear order of Hon’ble Supreme Court that matters between financial institutions shall be settled by arbitration only.
In view of the order passed by Hon’ble Supreme Court, the SA stands disposed of as dismissed.
File be consigned to record as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
cm
1 issue framed by the court
Whether Special Appeals filed by financial institutions between themselves are maintainable in the Debt Recovery Tribunal or settled by arbitration.
BHALA FINANCE PRIVATE LIMITED
MANIBHAVNAM HOME FINANCE INDIA PRIVATE LIMITED
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
