Bombay High Court Dismisses Execution Application by Decree Holder in Summary Suit Due to Lack of Jurisdiction After Decree Holder Became Financial Institution. Court holds that post-decree notification as financial institution under DRT Act divests civil court of execution jurisdiction, requiring decree holder to approach Debt Recovery Tribunal for recovery certificate under Section 31A of Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
16 Apr 2015The case involves an execution application filed by SICOM Limited (the decree holder) against Naresh Chandra Malhotra and others (judgment debtors) to...




