In our legal system, money lent by financial institutions / banks to individuals, private limited companies, public limited companies, corporations, partnership firms, societies, co-operatives, proprietorship firms etc.  When due to default, is realized through money suits, suits for foreclosure, mortgage by instituting the same to competent civil courts.  The civil courts were burdened with other businesses and such suits of banks consumed time for disposing of.  The delay caused the bank sector to suffer for non-realization of dues in time and the bankers gathered bitter experience in realizing the same.  To remove this difficulty, the government enacted a special piece of legislation named “The Artha Rin Adalat Ain, 1990” which had gone under some changes by way of amendments since its inception.  The law brought changes to a great extent in the administration of justice delivery system for regulating those suits but it failed to fulfill the expectation of the legislators / bankers to recover the dues expeditiously from the defaulters.  The thinkers on the subject gave second thoughts to frame a new law and ultimately the legislature passed “The Artha Rin Adalat Ain, 2003”  by repealing the earlier