Section 34 of Sarfaesi Act - Civil court not to have jurisdiction, Section 35 The provisions of this Act to override other laws

Section 34 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : Civil court not to have jurisdiction

No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which a Debts Recovery Tribunal or the Appellate Tribunal is empowered by or under this Act to determine and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act or under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993).

 

 

Section 35 The provisions of this Act to override other laws

The provisions of this Act shall have effect, notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue of any such law.

Sarfaesi Act 2002

Section 27 Penalties

Section 29 Offences, Section 30 Cognizance of offences

Section 30A Power of adjudicating authority to impose penalty

Section 30B Appeal against penalties, Section 30C Appellate Authority

Section 30D Recovery of penalties

Section 31 Provisions of this Act not to apply in certain cases

Section 31A Power to exempt a class or classes of banks or financial institutions

Section 32 Protection of action taken in good faith

Section 33 Offences by companies

Section 34 Civil court not to have jurisdiction, Section 35 The provisions of this Act to override other laws

Section Limitation, Section 37 Application of other laws not barred

Section 38 Power of Central Government to make rules

Section 39 Certain provisions of this Act to apply after Central Registry is set up or cause to be set up, Section 40 Power to remove difficulties, Section 41 Amendments to certain enactments, Section 42 Repeal and saving