...took a loan from Uttarakhand Gramin Bank. Since, he defaulted in repayment of loan, therefore, the bank filed a Money Recovery Suit, which is numbered as Original Suit No. 62 of 2021. The said suit...Financial Institutions Act, 1993. The jurisdiction of Civil Court to try a Money Recovery Suit is not barred by Section 34 of SARFAESI Act, 2002, therefore, the first submission raised on behalf of petitioner...to all the banking companies.
10. The notification, relied by petitioner, does not impair the authority of Civil Court to try and decide a Money Recovery Suit filed by...