https://www.taxtmi.com/caselaws?id=195416 The term "debt" under Section 2(g) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 was construed broadly to include any liability alleged as due to a bank in the course of business, whether secured or unsecured and whether recoverable under a decree or otherwise, provided it was legally recoverable on the date of the application. Jurisdiction under Section 17(1) depended on reading the plaint as a whole and identifying the substance of the claim; ancillary reliefs or the form of pleading did not alter the true character of a money recovery claim. On that basis, the claim fell within the Tribunal's exclusive jurisdiction, the civil court's jurisdiction was excluded, and the transferred suit was to be decided by the Tribunal. en-us Thu, 08 Apr 1999 00:00:00 +0530 Mon, 30 Oct 2017 12:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195416 The term "debt" under Section 2(g) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 was construed broadly to include any liability alleged as due to a bank in the course of business, whether secured or unsecured and whether recoverable under a decree or otherwise, provided it was legally recoverable on the date of the application. Jurisdiction under Section 17(1) depended on reading the plaint as a whole and identifying the substance of the claim; ancillary reliefs or the form of pleading did not alter the true character of a money recovery claim. On that basis, the claim fell within the Tribunal's exclusive jurisdiction, the civil court's jurisdiction was excluded, and the transferred suit was to be decided by the Tribunal. Case-Laws Indian Laws Thu, 08 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195416