I would like to know whether there be two parallel proceedings for recovery of loan by bank.
One by DRT under RDDBFI Act, 1993 and another by Public Moneys Recovery of Dues Act, 1973.
I have been issued RCs by DRT Dehradun and also another RC under UP Public Money Recovery of Dues Act, 1973 by Collector Haridwar ? How can the same be justified ?
And one thing more, my loan account had never ever been categorised as NPA.
What remedies are available with me ?
And is there any rulings/law that bank cannot proceed in such two ways. I need HC rulings or SC rulings.
Thanx in advance.