Banks and Financial Institutions Act,
1993 (hereinafter referred to as the `RDDB'
Act). On June 10, 2002, M/s Roland Exports
(successor of Goindwal ... being Appeal No. 52 of 2004 under Section
30 of the RDDB Act. On October 27, 2004, DRT
allowed auction sale to proceed but ordered
Banks and
Financial Institutions Act, 1993 (hereinafter referred to as the `RDDB'
Act) the matter has been referred for decision to this Bench ... short) for recovery of Rs. 25,26,60,836/-
under the RDDB Act. In the proceedings before the DRT the Company remained
absent, although, duly
Banks and Financial Institutions Act, 1993 (hereinafter referred to
a ‘RDDB Act’ for short) applicable to recovery of debt dues under the
latter mentioned ... evident from a plain reading of Section 29 of the RDDB Act. The use of the
expressions “as far as possible” and “with necessary modifications
short) and the Recovery of Debts and
Bankruptcy Act, 1993 (hereafter "RDDB Act", for short) taking
centre-stage. Who between a secured creditor ... SARFAESI Act and section 2(1)(la) of
the RDDB Act], and the taxing/revenue departments of the
Central/State Governments, can legally claim priority
SAREEN
Banks and Financial Institutions Act, 1993 (hereinafter referred
to as the ‘RDDB Act’) was enacted, providing for specialized
Date ... notified by the Central
Government. Further, it was stated that the RDDB Act does not
include in its term the NBFC. These factors were stated
Debts Due to Banks and Financial Institutions Act, 1993 (for short the RDDB Act). The Tribunal had passed an order in favour of the Bank ... having passed a final order against him under Section 19 of the RDDB Act, the Bank could not have sought the assistance of the court
Banks and Financial Institutions Act, 1993 (hereinafter referred to as the "RDDB Act"). It has been also contended that there is no provision ... basis of a recovery certificate issued under the provisions of the RDDB Act. It has also been contended that what is issued by the Debt
Debts Due to Banks and
Financial Institutions Act, 1993 (hereinafter called the RDDB Act)
filing O.A.No.46 of 2013 on the file ... realisation of the amount due, under Sections
25 to 29 of the RDDB Act. The Recovery Officer issued notice dated
Banks and Financial Institutions Act, 1993, hereinafter referred to the RDDB Act, for the sake of convenience.
(x) Since neither the proceedings before the BIFR ... unfortunately, experience showed that the remedy provided by this RDDB Act of 1993 was much worse than the disease.
The Securitisation and Reconstruction of Financial
Debts due
to Banks and Financial Institutions Act, 1993 (for short "RDDB Act") had
not managed to achieve its object and therefore ... defined in Section 2(ha) of the SARFESI
Act vis-a-vis RDDB Act
29. The word "debt" has been defined in Section
