https://www.taxtmi.com/caselaws?id=110082 The court allowed the transfer of execution proceedings to the Debts Recovery Tribunal, Chandigarh, despite the absence of a specific provision for post-enactment transfers under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The court invoked its inherent powers to facilitate the transfer, emphasizing the absence of any prohibition against such action. Consequently, the court dismissed the execution application, aligning with the decision to transfer proceedings and demonstrating a balance between statutory provisions, precedent, and the court's inherent powers in ensuring justice. en-us Thu, 26 May 2005 00:00:00 +0530 Fri, 13 Apr 2012 16:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110082 The court allowed the transfer of execution proceedings to the Debts Recovery Tribunal, Chandigarh, despite the absence of a specific provision for post-enactment transfers under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The court invoked its inherent powers to facilitate the transfer, emphasizing the absence of any prohibition against such action. Consequently, the court dismissed the execution application, aligning with the decision to transfer proceedings and demonstrating a balance between statutory provisions, precedent, and the court's inherent powers in ensuring justice. Case-Laws Companies Law Thu, 26 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110082