State Financial Corporation Act, 1951–Sec. 31–Code of Civil Procedure, 1908–Order 21, Rule 22–Execution proeedings for recovery of loan amount–Objection–Rejected–Justification–As per provisions of Act of 1951, the execution petition as preferred by RFC could not have been maintained as no decree on application u/s. 31(1) could have been passed–Act of 1951 does ot contemplate for any decree/money decree–Section 31 of Act itself is an enabling provision which provides for the complete procedure for enforcement of liability of the principal debtor as well as the surety–The proceedings if any for enforcement of liability, may be of a surety could have been undertaken by the RFC in terms of Section 31 of the Act only–For the said purpose, no independent/separate execution petition could have been preferred and neither could have been same be entertained by the Court–Objection deserves to be allowed–Certain other directions issued.
