https://www.taxtmi.com/caselaws?id=459517 The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 vests debt recovery adjudication in the Debts Recovery Tribunal and execution in the Recovery Officer, and its overriding clause prevails over inconsistent law. On that scheme, the Company Court could not transfer recovery appeals from the Tribunal to itself or issue directions permitting sale of the property. The exclusive forum structure under the special statute therefore controlled the proceedings, and inconsistent Company Court orders were liable to be set aside in favour of Tribunal determination on merits. en-us Tue, 28 Jan 2014 00:00:00 +0530 Tue, 17 Dec 2024 18:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459517 The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 vests debt recovery adjudication in the Debts Recovery Tribunal and execution in the Recovery Officer, and its overriding clause prevails over inconsistent law. On that scheme, the Company Court could not transfer recovery appeals from the Tribunal to itself or issue directions permitting sale of the property. The exclusive forum structure under the special statute therefore controlled the proceedings, and inconsistent Company Court orders were liable to be set aside in favour of Tribunal determination on merits. Case-Laws Companies Law Tue, 28 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459517