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Patheja Forgings and Auto Parts Vs. I.F.C.i. Ltd. and ors.

Court : DRAT Mumbai

Reported in : IV(2005)BC87

..... .5. the government of india issued the enforcement of security interest and recovery of debts laws (amendment) ordinance, 2004 (which has now become an act of parliament) amending certain provisions of the securitization act, as also the rdb act. one of the amendments is to section 19 of the rdb act of 1993 : "provided that the bank or financial institution may, with the permission of the debts ..... this context, useful reference can be made to the judgment of the gujarat high court in apex electricals ltd. v. icici bank ltd., . in this judgment, the hon'ble high court after exhaustively considering the provisions of securitization act and the rdb act amongst other acts has culled down in the ratio in para 65 of the judgment, which is reproduced below for the .....