https://www.taxtmi.com/caselaws?id=298854 The Court held that the Insolvency Act's interpretation of "decree or order" is not limited to civil court decrees. It determined that a recovery certificate from the Debt Recovery Tribunal qualifies as an executable order under the Act. The Court emphasized that insolvency proceedings benefit all creditors and do not impede the DRT's authority under the Recovery Act. Consequently, the Court dismissed the notice of motion, affirming the validity of the insolvency notice and highlighting the collective nature of insolvency proceedings. en-us Mon, 03 Apr 2006 00:00:00 +0530 Tue, 23 Nov 2021 17:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298854 The Court held that the Insolvency Act's interpretation of "decree or order" is not limited to civil court decrees. It determined that a recovery certificate from the Debt Recovery Tribunal qualifies as an executable order under the Act. The Court emphasized that insolvency proceedings benefit all creditors and do not impede the DRT's authority under the Recovery Act. Consequently, the Court dismissed the notice of motion, affirming the validity of the insolvency notice and highlighting the collective nature of insolvency proceedings. Case-Laws Indian Laws Mon, 03 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298854