https://www.taxtmi.com/caselaws?id=108415 The court quashed the impugned Revenue Recovery Certificate (RRC) issued under the M.P. Adhiniyam, emphasizing the exclusive jurisdiction of the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks and Financial Institutions Act (RDB Act). It held that the RDB Act overrides state laws like the M.P. Adhiniyam, citing Supreme Court precedents. The court ruled that Supreme Court decisions take precedence over conflicting High Court judgments, leading to the quashing of the RRC and related proceedings, allowing the respondent Bank to pursue recovery under the RDB Act or other applicable laws. 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 The court quashed the impugned Revenue Recovery Certificate (RRC) issued under the M.P. Adhiniyam, emphasizing the exclusive jurisdiction of the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks and Financial Institutions Act (RDB Act). It held that the RDB Act overrides state laws like the M.P. Adhiniyam, citing Supreme Court precedents. The court ruled that Supreme Court decisions take precedence over conflicting High Court judgments, leading to the quashing of the RRC and related proceedings, allowing the respondent Bank to pursue recovery under the RDB Act or other applicable laws. Case-Laws Companies Law Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108415