PRECISION ENGINEERING LTD versus GRAYS LEASING LIMITED
Section 51 and XXI, Rr 37, 38? Banking Companies (Debt, Progress, Credit and Finance Recovery) Act (XV of 1997), Sections 9 & 13 ??? Implementation process ??? Debt collection case? ??? Issuance of arrest warrant before inquiry ??? Justification? ??? The bankruptcy court issued a warrant of arrest for the execution of the judgment, without appearing in the spirit of law enforcement? ??? Such an order of execution cannot be affirmed and decided by the court? The lenders were entitled to join the proceedings, offering easy security for the banking court? Section 571 and OXI, R37, CPC ??? Banking court-issued arrest warrant was set aside by the High Court
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