Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
34.
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).