Supreme Court · 2014 INSC 738 · Decided 27 October 2014
KSL & Industries LTD. v. M/SARIHANTTHREADS LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 738 · [2014] 14 S.C.R. 1097
- Case number
- CIVIL APPEAL No. 5225/2008
- Decided
- 27 October 2014
- Bench
- H.L. DATTU, S.A. BOBDE, ABHAY MANOHAR SAPRE (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
A B Sick Industrial Companies (Special Provisions) Act, 1985- s. 22- Recovery of Debts Due to Banks and Financial C Institutions Act, 1993 - s.34 - Interpretation of two Acts - Which of the two Acts to prevail, in view of non-obstante clause in both the legislation -Held: Provisions s. 22, would prevail over the provision for the recovery of debts · in the RDDB Act- Purpose of the two Acts is entirely different D and where actions under the two laws may seem to be in conflict, Parliament has wisely preserved the proceedings under the SICA, by specifically
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