Ram Singhania Vs. Bank of Tokyo-Mitsubishi Ltd. & Ors  INSC 199 (11
see no reason why the High Courts in such matters filed by the defendants in
suits instituted by the banks before the Debt 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 constitution 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.