https://www.taxtmi.com/caselaws?id=458379 After a Section 20(4) SICA winding-up direction, the bar under Section 22(1) was treated as inapplicable because no inquiry, sanctioned scheme, or pending rehabilitative proceeding remained. The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 was held to continue operating in its own field, so the Debt Recovery Tribunal and Recovery Officer retained jurisdiction to adjudicate the debt, issue a recovery certificate, and proceed with auction of the mortgaged property. The earlier unchallenged recovery order had attained finality, and the objecting creditor could not collaterally reopen it on jurisdictional grounds. en-us Tue, 29 Oct 2013 00:00:00 +0530 Thu, 24 Oct 2024 15:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458379 After a Section 20(4) SICA winding-up direction, the bar under Section 22(1) was treated as inapplicable because no inquiry, sanctioned scheme, or pending rehabilitative proceeding remained. The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 was held to continue operating in its own field, so the Debt Recovery Tribunal and Recovery Officer retained jurisdiction to adjudicate the debt, issue a recovery certificate, and proceed with auction of the mortgaged property. The earlier unchallenged recovery order had attained finality, and the objecting creditor could not collaterally reopen it on jurisdictional grounds. Case-Laws Indian Laws Tue, 29 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458379