https://www.taxtmi.com/caselaws?id=777565 A pending recovery suit originally filed by a non-banking entity was held to fall within the Debts Recovery Tribunal's jurisdiction after that entity amalgamated with a bank. The amalgamation meant the banking company continued the claim in its own right, so the proceeding was treated as a debt recovery matter within the Tribunal's statutory competence, unlike a mere assignment. Section 31 was read as procedural and could not override the substantive bar on civil court jurisdiction under Sections 17 and 18. Accordingly, the pending civil/commercial suit was transferable to the Tribunal, and the exclusive forum for adjudication became the DRT. en-us Mon, 11 Aug 2025 00:00:00 +0530 Tue, 02 Sep 2025 08:01:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777565 A pending recovery suit originally filed by a non-banking entity was held to fall within the Debts Recovery Tribunal's jurisdiction after that entity amalgamated with a bank. The amalgamation meant the banking company continued the claim in its own right, so the proceeding was treated as a debt recovery matter within the Tribunal's statutory competence, unlike a mere assignment. Section 31 was read as procedural and could not override the substantive bar on civil court jurisdiction under Sections 17 and 18. Accordingly, the pending civil/commercial suit was transferable to the Tribunal, and the exclusive forum for adjudication became the DRT. Case-Laws Indian Laws Mon, 11 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777565