https://www.taxtmi.com/caselaws?id=165265 Section 31 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 permits transfer only of suits or proceedings pending immediately before the Tribunal's establishment; an execution petition filed later cannot be transferred under that provision. The commentary also notes that inherent powers, consent, or Companies Act provisions cannot expand jurisdiction beyond the special statutory scheme, so such a transfer is without jurisdiction. On limitation, Article 136 of the Limitation Act, 1963 applies through Section 24, giving a 12-year period from enforceability of the decree; once that period expires, recovery proceedings are time-barred and equity cannot override the statutory bar. en-us Wed, 06 Dec 2006 00:00:00 +0530 Wed, 17 Sep 2025 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165265 Section 31 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 permits transfer only of suits or proceedings pending immediately before the Tribunal's establishment; an execution petition filed later cannot be transferred under that provision. The commentary also notes that inherent powers, consent, or Companies Act provisions cannot expand jurisdiction beyond the special statutory scheme, so such a transfer is without jurisdiction. On limitation, Article 136 of the Limitation Act, 1963 applies through Section 24, giving a 12-year period from enforceability of the decree; once that period expires, recovery proceedings are time-barred and equity cannot override the statutory bar. Case-Laws Companies Law Wed, 06 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165265