https://www.taxtmi.com/caselaws?id=108564 The court dismissed the objection regarding the Power of Attorney, allowing for rectification if needed. It emphasized the exclusive remedy under the Recovery of Debts due to Banks and Financial Institutions Act, ousting the Company Court's jurisdiction for winding-up petitions in ongoing RDB Act proceedings. The petition was dismissed to prevent multiple litigations and harassment, highlighting the DRT's exclusive jurisdiction for debt recovery. en-us Thu, 31 Oct 2002 00:00:00 +0530 Fri, 12 Apr 2019 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108564 The court dismissed the objection regarding the Power of Attorney, allowing for rectification if needed. It emphasized the exclusive remedy under the Recovery of Debts due to Banks and Financial Institutions Act, ousting the Company Court's jurisdiction for winding-up petitions in ongoing RDB Act proceedings. The petition was dismissed to prevent multiple litigations and harassment, highlighting the DRT's exclusive jurisdiction for debt recovery. Case-Laws Indian Laws Thu, 31 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108564