depth the object behind bringing
Debts Recovery Tribunal Act, 1993 (Act, 1993) and SARFAESI Act ,
scope and application of the enactments ... enactment of NPA Act is, therefore, not in derogation of the DRT
Act . The NPA Act removes the fetters which were in existence on
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classified as substandard, doubtful or a loss. The NPA Act
comes into force only when both these conditions are satisfied.
Section 13(2) proceeds ... Act.
This aspect is important. The Tribunal under the DRT Act is also
the Tribunal under the NPA Act . Under Section
institution shall, before making an
application under Section 14 of the NPA Act, verify and
confirm that notice under Section 13(2) of the NPA ... Act excludes the
application of Sections 13 and 14 thereof to the case on
hand.
2. CMM/DM acting under Section 14 of the NPA
NPA Act "). For analysing the scope and
remedies under the two Acts, it was held that the NPA Act is an additional
remedy which ... SARFAESI Act and the DRT Act on the one hand, and the A&C Act
on the other;
Signature Not Verified
Digitally Signed
NPA Act "). For analysing the scope and
remedies under the two Acts, it was held that the NPA Act is an additional
remedy which ... SARFAESI Act and the DRT Act on the one hand, and the A&C Act
on the other;
Signature Not Verified
Digitally Signed
NPA Act "). For analysing the scope and
remedies under the two Acts, it was held that the NPA Act is an additional
remedy which ... SARFAESI Act and the DRT Act on the one hand, and the A&C Act
on the other;
Signature Not Verified
Digitally Signed
NPA Act "). For analysing the scope and
remedies under the two Acts, it was held that the NPA Act is an additional
remedy which ... SARFAESI Act and the DRT Act on the one hand, and the A&C Act
on the other;
Signature Not Verified
Digitally Signed
NPA Act "). For analysing the scope and
remedies under the two Acts, it was held that the NPA Act is an additional
remedy which ... SARFAESI Act and the DRT Act on the one hand, and the A&C Act
on the other;
Signature Not Verified
Digitally Signed
NPA Act "). For analysing the scope and
remedies under the two Acts, it was held that the NPA Act is an additional
remedy which ... SARFAESI Act and the DRT Act on the one hand, and the A&C Act
on the other;
Signature Not Verified
Digitally Signed
Performing Assets Securitization Act, 2002
(hereinafter referred to as " NPA Act, 2002 ") sets out an expeditious
procedural methodology enabling the Financial Institutions ... prior arbitration
proceedings are not a bar to proceedings under the NPA Act . The NPA Act
sets out an expeditious, procedural methodology enabling the financial
