Tribunals have powers to pass such orders - but with caution.
EXCEPTIONS TO THE ACT
Bank debts can be recovered through certain other Acts too
Is not a separate proceeding. Civil courts can't execute even their own decrees.
Meaning of under the Act.
Fraud, Forgery & Mistakes
Liability of a borrower to repay under Fraud, Forgery and Mistakes
GPA Holder representing a borrower before the DRT.
When discharge from guarantee is possible. Continuing guarantee. Withdrawal of guarantee. Effect of relinquishing protection clauses. Guarantee by Employee directors. Limitation to invoke guarantee. Effect of guarantee terms varied by bank.
Proceedings against guarantors without proceedings against principal borrowers. Status of guarantors where the borrower has conceded the case. Status of guarantors where bank makes no efforts against the main borrower. Protection to Guarantors where BIFR has given stay.
Powers of High Court to intervene