does not apply. In the present case, as stated above, the NPA Act is an additional remedy to the DRT Act . Together they constitute ... Section 19(1) of the DRT Act is to align the provisions of DRT Act, the NPA Act and Order 23, CPC . Let us assume
aspect in
mind, we find that Section 13(4) of the NPA Act
proceeds on the basis that the borrower, who is
under a liability ... known to the secured creditor. (Emphasis
supplied). Section 14 of the NPA Act states that
where the possession of any secured asset is
required
interplay between the Recovery of Debts and Bankruptcy
Act (RDB Act) and the SARFAESI Act. The Hon'ble Supreme
Court held that the first ... precondition for invoking the NPA Act , and the bank/FI may act
under the NPA Act with or without DRT's permission, depending
interplay between the Recovery of Debts and Bankruptcy Act (RDB Act) and
the SARFAESI Act The Hon'ble Supreme Court held that the first ... precondition for invoking the NPA Act , and the bank/FI may act
under the NPA Act with or without DRT's permission, depending
interplay between the Recovery of Debts and
Bankruptcy Act (RDB Act) and the SARFAESI Act. The
Hon'ble Supreme Court held that the first ... precondition for
invoking the NPA Act , and the bank/FI may act under the
NPA Act with or without DRT's permission, depending
interplay between the
Recovery of Debts and Bankruptcy Act (RDB Act)
and the SARFAESI Act. The Hon'ble Supreme Court
held that the first ... precondition for
invoking the NPA Act , and the bank/FI may act under
the NPA Act with or without DRT's permission,
depending
interplay between the Recovery of Debts and Bankruptcy Act
(RDB Act) and the SARFAESI Act. The Hon'ble Supreme Court held that the
first ... precondition for invoking the NPA Act , and
the bank/FI may act under the NPA Act with or without DRT's permission,
depending
interplay between the Recovery of Debts and Bankruptcy Act (RDB
Act) and the SARFAESI Act. The Hon'ble Supreme Court held that ... precondition for invoking the NPA
Act , and the bank/FI may act under the NPA Act with or without DRT's
permission, depending
held as follows:
In our opinion, to secure its object the
NPA Act has by necessary implication ruled
out giving hearing either to the borrower ... Supreme
Court ion Transcore' s case Section 6 of the
NPA Act inter alia states that the bank or
financial institution
NPA Act "). For analysing the
scope and remedies under the two Acts, it was held that the NPA Act is an additional
remedy which ... does not apply. In
the present case, as stated above, the NPA Act is an additional remedy to
the DRT Act . Together they constitute
