https://www.taxtmi.com/caselaws?id=308902 The court held that the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, did not impact the pending proceedings involving the Industrial Finance Corporation. It emphasized safeguarding the Corporation's rights and ensuring efficient debt recovery processes. Consequently, the proceedings were not transferred to the Tribunal, and the original petition remained valid under the Industrial Finance Corporation Act, 1948. en-us Mon, 13 Jan 1997 00:00:00 +0530 Mon, 31 Jul 2023 14:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308902 The court held that the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, did not impact the pending proceedings involving the Industrial Finance Corporation. It emphasized safeguarding the Corporation's rights and ensuring efficient debt recovery processes. Consequently, the proceedings were not transferred to the Tribunal, and the original petition remained valid under the Industrial Finance Corporation Act, 1948. Case-Laws Indian Laws Mon, 13 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308902