Supreme Court · 2000 INSC 207 · Decided 10 April 2000
Allahabad Bank v. Canara Bank and ANR.
- Court
- Supreme Court of India
- Citation
- 2000 INSC 207 · [2000] 2 S.C.R. 1102
- Case number
- CIVIL APPEAL No. 2536/2000
- Decided
- 10 April 2000
- Bench
- M. JAGANNADHA RAO, N. SANTOSH HEGDE (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 73; Companies Act Section 442, 537, 446(1), 529, 446
Headnote
Debt Laws: Recovery of Debts Due to Banks and Financial Institutions Act! 1993- Sections 17, 18, 19, 25-30 and 34-Jurisdiction of Recovery Officer as against Companies Court-Held, Recove1y officer has exclusive jurisdiction in re­ spect of decree passed by Tribunal. Companies Act 1956-Secs. a Company-Recov- D ery Proceedings pending-Petition for Winding Up of debtor Company by other creditors-Held, execution of ce11ificate of debts payable to Banks and Financial Institutions are within the exclusivejurisdiction of Tribunal-Legal Proceedings before Tribunal cannot be stayed by
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