Recovery of Debts Due to Banks and Financial Institutions Act, 1993 Recovery of Debts Due to Banks and Financial Institutions Act, 1993 Recovery of Debts Due to Banks and Financial Institutions Act, 1993
 
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Recovery of Debts Due to Banks and Financial Institutions Act, 1993

 

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Recovery of Debts Due to Banks and Financial Institutions Act, 1993

 

Preamble

   
  CHAPTER I: PRELIMINARY
1.

Short title, extent, commencement and application

2. Definitions
   
  CHAPTER II: ESTABLISHMENT OF TRIBUNAL AND APPELLATE TRIBUNAL
3. Establishment of Tribunal
4. Composition of Tribunal
5.

Qualifications for appointment as Presiding Officer

6. Term of office
7. Staff of Tribunal
8. Establishment of Appellate Tribunal
9. Composition of Appellate Tribunal
10. Qualifications for appointment as Chairperson of the Appellate Tribunal
11. Term of office
12. Staff of the Appellate Tribunal
13. Salary and allowances and other terms and conditions of service of Presiding Officers
14. Filling up of vacancies
15. Resignation and removal
16. Orders constituting Tribunal or an Appellate Tribunal to be final, and not to invalidate its proceedings
   
  CHAPTER III: JURISDICTION, POWERS AND AUTHORITY OF TRIBUNALS
17. Jurisdiction, powers and authority of Tribunals
17A. Power of Chairperson of Appellate Tribunal
18. Bar of jurisdiction
   
  CHAPTER IV: PROCEDURE OF TRIBUNALS
19. Application to the Tribunal
20. Appeal to the Appellate Tribunal
21. Deposit of amount of debt due, on filing appeal
22. Procedure and powers of the Tribunal and the Appellate Tribunal
23. Right to legal representation and Presenting Officers
24. Limitation
   
  CHAPTER V: RECOVERY OF DEBT DETERMINED BY TRIBUNAL
25. Modes of recovery of debts
26. Validity of certificate and amendment thereof
27. Stay of proceedings under certificate and amendment or withdrawal thereof
28. Other modes of recovery
29. Application of certain provisions of Income Tax Act
30. Appeal against the order of Recovery Officer
   
  CHAPTER VI: MISCELLANEOUS
31. Transfer of pending cases
31A. Power of Tribunal to issue certificate of recovery in case of decree or order
32. Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants
33. Protection of action taken in good faith
34. Act to have overriding effect
35. Power to remove difficulties
36. Power to make rules
37. Repeal and saving

 

Recovery of Debts Due to Banks and Financial Institutions Act, 1993

 

 

 

 

 

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