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
Debts Due to Banks & Financial Institutions Act, 1993 (in short RDDB
Act) would surely be covered under the term „suit‟, as it fulfilled ... action
before the DRT is initiated under the provisions of the RDDB Act which, by
virtue of being enacted later in point of time, would
Debts Due to Banks and Financial Institutions Act (in
short "the RDDB Act") was held as illegal and void due to
non-compliance ... with modification as if the said
rules are engrafted in the RDDB Act, instead of the Income Tax Act .
The said view was expressed
Recovery of Debts Due to
Banks and Financial Institutions Act, 1993 ("RDDB & FI Act") registered
as O.A. No. 08/2000 ... 2000 under Section 22 of the RDDB & FI Act read with
Rule 18 of the DRT (Procedure) Rules analogous to Order I Rule
M/S Vatika One India Next Private ... vs Indiabulls Commercial Credit Limited on 19 December
Frozen Foods Exports (P)
Ltd. (supra),to argue that both the RDDB Act (Recovery of
Debts Due to Banks and Financial Institutions ... simultaneously, and thus
the arbitration proceedings are only an alternative to the RDDB
Act. Section 37 of the SARFAESI Act, in fact, makes it clear
Banks & Financial Institutions
Act, 1993 (hereinafter referred to as the ‗RDDB Act') being O.A.
No.398/1998 titled as ‗Industrial Finance Corporation ... appeal (Appeal No.29/2009) under
Section 30(1) of the RDDB Act before the Debt Recovery Tribunal. The
said appeal was rejected
Banks & Financial Institutions
Act, 1993 (hereinafter referred to as the ‗RDDB Act') being O.A.
No.398/1998 titled as ‗Industrial Finance Corporation ... appeal (Appeal No.29/2009) under
Section 30(1) of the RDDB Act before the Debt Recovery Tribunal. The
said appeal was rejected
Section 19 of
the Recovery of Debts and Bankruptcy Act, 1993 ('RDDB Act'), for
recovery of the alleged debts.
Signature Not Verified
Signed ... 2022 filed under Section 19 of the RDDB Act and held the Petitioners
to be liable for the outstanding amount. The DRT-I directed
Recovery of Debts Due to Banks and Financial Institutions Act, 1993
(„RDDB & FI Act‟) before the DRAT. Along with the said appeal, the
petitioner ... being I.A. Nos. 839-840/2014 under Section
21 of the RDDB & FI Act seeking waiver of the pre-deposit amount
