https://www.taxtmi.com/caselaws?id=161021 Execution against a banking company in liquidation involving attachment, realization of assets, or other winding-up matters falls within the exclusive jurisdiction conferred on the High Court by the Banking Companies Act, whose overriding provisions prevail over the enabling execution remedies under the Displaced Persons (Debts Adjustment) Act, 1951. The latter provides facilities to a displaced creditor but does not create a competing exclusive execution scheme. Pending execution proceedings before the Tribunal may also be transferred to the High Court under the statutory transfer provision, and a transfer made on that basis was upheld despite objections based on delay or notice. en-us Wed, 09 May 1956 00:00:00 +0530 Mon, 08 Sep 2014 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161021 Execution against a banking company in liquidation involving attachment, realization of assets, or other winding-up matters falls within the exclusive jurisdiction conferred on the High Court by the Banking Companies Act, whose overriding provisions prevail over the enabling execution remedies under the Displaced Persons (Debts Adjustment) Act, 1951. The latter provides facilities to a displaced creditor but does not create a competing exclusive execution scheme. Pending execution proceedings before the Tribunal may also be transferred to the High Court under the statutory transfer provision, and a transfer made on that basis was upheld despite objections based on delay or notice. Case-Laws Companies Law Wed, 09 May 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161021