https://www.taxtmi.com/caselaws?id=108415 Where the Recovery of Debts Due to Banks and Financial Institutions Act applies, its exclusive debt-recovery mechanism prevails over an inconsistent State recovery statute, and the State saving clause does not extend to the M.P. Lok Dhan Adhiniyam. A revenue recovery certificate issued at a bank's instance under the M.P. Act was therefore unsustainable because recovery of bank dues must proceed, if at all, under the central Act or other legally available remedies. The contrary Single Judge view was treated as inconsistent with binding Supreme Court authority and not controlling. en-us Thu, 13 Feb 2003 00:00:00 +0530 Sat, 31 Mar 2012 13:47:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108415 Where the Recovery of Debts Due to Banks and Financial Institutions Act applies, its exclusive debt-recovery mechanism prevails over an inconsistent State recovery statute, and the State saving clause does not extend to the M.P. Lok Dhan Adhiniyam. A revenue recovery certificate issued at a bank's instance under the M.P. Act was therefore unsustainable because recovery of bank dues must proceed, if at all, under the central Act or other legally available remedies. The contrary Single Judge view was treated as inconsistent with binding Supreme Court authority and not controlling. Case-Laws Companies Law Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108415