Recovery of debt advanced by bank under the UP State sponsored scheme is not covered as ‘debt’ u/s 2(g) of RDB Act, 1993, for the recovery of such debt, the specific mode is provided under the U.P. Agricultural Credit Act, 1973 – Agriserve Producer Company Ltd. and Another Vs. Union of India and 4 Others – Allahabad High Court

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Inability to quantify the Operational Debt is not a reason to condone the appeal u/s 61- Central Transmission Utility Vs. Korba West Power Company Limited – NCLAT

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