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1 - 3 of 3 (3.31 seconds)Allahabad Bank vs Canara Bank & Another on 10 April, 2000
16. Learned counsel for the respondent-bank also relied on Allahabad Bank v. Canara Bank [2000] 101 Comp Cas 64 (SC), wherein it is observed that under Section 18 of the Act, the jurisdiction of any other court or authority which would otherwise have had jurisdiction but for the provisions of the Act, is ousted and the power to adjudicate upon the liability is exclusively vested in the Tribunal. This decision is applicable to the case on hand on all fours in the light of the aforesaid discussion and position of law, I am of the view that the applicants have no prima facie case and the balance of convenience is not in their favour.
The Recovery Of Debts Due To Banks And Financial Institutions Act, 1993
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