PICIC versus FRONTIER CERAMICS LTD.
Banking Companies (Loans, Progress, Credit and Recovery of Financial Issues) Act 1997 Section 10 Civil Procedure Code (V, of 1908), O XXXVII, R 3 Section 10 Holidays for the Provision and Defense of Banking Companies (Loans, Progress, Credit) And Recovery) Act, 1997 and A. XXXVII, R 3, allow the words of the CPC distinction to appear and to defend the suit used in the latter provisions, changing the matter to the preceding provisions. In which case discrimination is granted in defense of the plaintiff. Under the provisions of the Banking Companies (Loans, Progress, Credit and Recovery of Financial Resources) Act 1997, a recovery case can also be filed without leave. The change in both the provisions for defense appears consciously and deliberately.
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