https://www.taxtmi.com/caselaws?id=108993 The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 was applied as a special statute conferring exclusive jurisdiction on the Tribunal for bank debt recovery, including adjudication and execution. The term "proceeding" in section 31 was read broadly, so pending execution-related matters and applications under Order 9 Rule 13 CPC were treated as transferable to the Tribunal. Section 34 gave the later Act overriding effect, and sections 442, 446 and 537 of the Companies Act, 1956 were held to yield insofar as they conflicted with recovery proceedings by banks and financial institutions. Leave of the company court was therefore unnecessary, and such pending matters fell within the Tribunal's exclusive domain. en-us Fri, 19 May 2000 00:00:00 +0530 Thu, 05 Apr 2012 13:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108993 The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 was applied as a special statute conferring exclusive jurisdiction on the Tribunal for bank debt recovery, including adjudication and execution. The term "proceeding" in section 31 was read broadly, so pending execution-related matters and applications under Order 9 Rule 13 CPC were treated as transferable to the Tribunal. Section 34 gave the later Act overriding effect, and sections 442, 446 and 537 of the Companies Act, 1956 were held to yield insofar as they conflicted with recovery proceedings by banks and financial institutions. Leave of the company court was therefore unnecessary, and such pending matters fell within the Tribunal's exclusive domain. Case-Laws Companies Law Fri, 19 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108993