Landmark case · Law of Banking and Negotiable Instruments · Semester 5

Indian Bank v. ABS Marine Products (P) Ltd.

(2006) 5 SCC 72 · Supreme Court of India

A civil suit on a distinct cause of action is not automatically ousted; splitting of causes and the DRT's exclusive recovery jurisdiction must be carefully distinguished.

From topic

DRT jurisdiction and the bar of the civil court — Unit V, Law of Banking and Negotiable Instruments.

Related sections:

Recovery of Debts and Bankruptcy Act, 1993, 17–18 — Jurisdiction of the Tribunal and bar of other courts
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, 34 — Civil court not to have jurisdiction
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, 35 — Provisions of the Act to override other laws