https://www.taxtmi.com/caselaws?id=110103 A co-operative bank carrying on banking business was treated as a bank and banking company for purposes of the Banking Regulation Act, 1949 and the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Claims for recovery of debts arising from such banking activity and exceeding the statutory limit fell within the exclusive jurisdiction of the Debts Recovery Tribunal, so the Andhra Pradesh Co-operative Societies Act could not sustain adjudication or recovery by the Registrar in that field. Applying pith and substance, the subject was held to lie in the Union field of banking, and the conflicting State recovery provisions were read down or severed. The 2002 notification did not alter the 1993 Act, and estoppel could not confer jurisdiction. en-us Tue, 05 Jul 2005 00:00:00 +0530 Fri, 13 Apr 2012 17:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110103 A co-operative bank carrying on banking business was treated as a bank and banking company for purposes of the Banking Regulation Act, 1949 and the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Claims for recovery of debts arising from such banking activity and exceeding the statutory limit fell within the exclusive jurisdiction of the Debts Recovery Tribunal, so the Andhra Pradesh Co-operative Societies Act could not sustain adjudication or recovery by the Registrar in that field. Applying pith and substance, the subject was held to lie in the Union field of banking, and the conflicting State recovery provisions were read down or severed. The 2002 notification did not alter the 1993 Act, and estoppel could not confer jurisdiction. Case-Laws Companies Law Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110103