https://www.taxtmi.com/caselaws?id=109362 A special recovery statute may operate as an additional remedy even when debt recovery proceedings are already pending under the general recovery law, so pending tribunal proceedings do not by themselves bar recourse to section 13(2). The writ court also will not direct instalments or a one-time settlement, because restructuring a loan lies within the lender's commercial discretion unless a clear legal infirmity is shown. The practical effect is that parallel recovery mechanisms can coexist, and writ jurisdiction is not a substitute for creditor-led loan rescheduling. en-us Mon, 16 Feb 2004 00:00:00 +0530 Mon, 09 Apr 2012 11:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109362 A special recovery statute may operate as an additional remedy even when debt recovery proceedings are already pending under the general recovery law, so pending tribunal proceedings do not by themselves bar recourse to section 13(2). The writ court also will not direct instalments or a one-time settlement, because restructuring a loan lies within the lender's commercial discretion unless a clear legal infirmity is shown. The practical effect is that parallel recovery mechanisms can coexist, and writ jurisdiction is not a substitute for creditor-led loan rescheduling. Case-Laws Companies Law Mon, 16 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109362