https://www.taxtmi.com/caselaws?id=108655 Section 34 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 gives the 1993 Act overriding effect over inconsistent laws, and its saving clause extends only to the enactments expressly named. The Uttar Pradesh Public Moneys (Recovery of Dues) Act, 1972 is not among the statutes preserved by section 34(2), and its recovery mechanism is a separate mode not covered by the State Financial Corporations Act, 1951. The Court refused to expand the statutory exception by interpretation and held that the plain wording of section 34 could not be extended to validate proceedings under the Uttar Pradesh Act. en-us Fri, 20 Dec 2002 00:00:00 +0530 Fri, 26 Dec 2025 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108655 Section 34 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 gives the 1993 Act overriding effect over inconsistent laws, and its saving clause extends only to the enactments expressly named. The Uttar Pradesh Public Moneys (Recovery of Dues) Act, 1972 is not among the statutes preserved by section 34(2), and its recovery mechanism is a separate mode not covered by the State Financial Corporations Act, 1951. The Court refused to expand the statutory exception by interpretation and held that the plain wording of section 34 could not be extended to validate proceedings under the Uttar Pradesh Act. Case-Laws Companies Law Fri, 20 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108655