https://www.taxtmi.com/caselaws?id=288563 Section 1(4) of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 was construed as conditional legislation, not a delegation of legislative power. The Parliament had fixed the policy and framework, leaving the executive to specify a threshold within that scheme. Applying purposive interpretation and the Act's object of expeditious debt recovery, the Court held that the words permitting "such other amount" were wide enough to support a higher pecuniary limit. The notification enhancing the exclusion threshold to twenty lakh rupees was therefore valid, as it advanced the statutory purpose and did not exceed the enabling provision. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 17 Jun 2020 02:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288563 Section 1(4) of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 was construed as conditional legislation, not a delegation of legislative power. The Parliament had fixed the policy and framework, leaving the executive to specify a threshold within that scheme. Applying purposive interpretation and the Act's object of expeditious debt recovery, the Court held that the words permitting "such other amount" were wide enough to support a higher pecuniary limit. The notification enhancing the exclusion threshold to twenty lakh rupees was therefore valid, as it advanced the statutory purpose and did not exceed the enabling provision. Case-Laws Indian Laws Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288563