https://www.taxtmi.com/caselaws?id=106161 Exclusive jurisdiction of the Debts Recovery Tribunal under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 governs bank and financial institution recovery claims despite company winding-up proceedings. Sections 17 and 18 confer exclusive Tribunal jurisdiction and bar other courts, while sections 31 and 34 transfer pending matters and give the special statute overriding effect. Once company revival efforts ended, secured creditors could continue pending recovery suits before the Tribunal without requiring leave under section 446 of the Companies Act, 1956. The earlier leave order remained consistent with the statutory scheme and was not liable to recall. en-us Fri, 30 Oct 1998 00:00:00 +0530 Mon, 12 Mar 2012 18:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106161 Exclusive jurisdiction of the Debts Recovery Tribunal under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 governs bank and financial institution recovery claims despite company winding-up proceedings. Sections 17 and 18 confer exclusive Tribunal jurisdiction and bar other courts, while sections 31 and 34 transfer pending matters and give the special statute overriding effect. Once company revival efforts ended, secured creditors could continue pending recovery suits before the Tribunal without requiring leave under section 446 of the Companies Act, 1956. The earlier leave order remained consistent with the statutory scheme and was not liable to recall. Case-Laws Companies Law Fri, 30 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106161