https://www.taxtmi.com/caselaws?id=108650 Co-operative banks fall within the expression "bank" under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 because that Act incorporates the definition of "banking company" from the Banking Regulation Act, 1949. The incorporated definition must be read with the parent Act's existing context, including section 56(a)(i), which deems references to "banking company" to include co-operative banks. That construction was reinforced by the 1993 Act's object of enabling expeditious recovery of debts, with the result that co-operative banks are amenable to Debt Recovery Tribunal jurisdiction. en-us Wed, 18 Dec 2002 00:00:00 +0530 Tue, 03 Apr 2012 12:17:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108650 Co-operative banks fall within the expression "bank" under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 because that Act incorporates the definition of "banking company" from the Banking Regulation Act, 1949. The incorporated definition must be read with the parent Act's existing context, including section 56(a)(i), which deems references to "banking company" to include co-operative banks. That construction was reinforced by the 1993 Act's object of enabling expeditious recovery of debts, with the result that co-operative banks are amenable to Debt Recovery Tribunal jurisdiction. Case-Laws Companies Law Wed, 18 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108650