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2002 (8) TMI 572 - SUPREME COURTWhether section 25 of the Code of Civil Procedure, 1908 would be applicable since the transfer of the proceeding is not from one State to another State? Whether inherent jurisdiction of this Court would be attracted to a proceeding of this nature? Held that:- Appeal dismissed. When exclusive jurisdiction has been given to the Tribunal under the Act in respect of matters that could be dealt with under section 17 of the Act, the jurisdiction in other Courts to entertain and decide such matters for recovery of debts due to banks and financial institutions stood ousted as provided under section 18 of the Act. Further section 31 of the Act provides for transfer of cases from civil courts to the Tribunal. In this background, we do not think that it is expedient for the ends of justice to direct transfer of this case to the High Court.
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