The Recovery Of Debts And Bankruptcy Act, 1993 — Bare Act, All Sections & Free PDF
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Overview
An Act to provide for the establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions and for matters connected therewith or incidental thereto.
Sections (Showing 1 to 10 of 45)
Section 1 to Section 9 (10 Sections)
Short title, extent, commencement and application.
(1) This Act may be called the Recovery of Debts 1 [and Bankruptcy] Act, 1993. (2) It extends to the whole of India except the State of Jammu and Kashmir * . (3) It shall be deemed...
Definitions.
In this Act, unless the context otherwise requires,--- (a) "Appellate Tribunal" means an Appellate Tribunal established under sub-section (1) of section 8; (b) "application" means ...
Establishment of Tribunal.
(1) The Central Government shall, by notification, establish one or more Tribunals, to be known as the Debts Recovery Tribunal, to exercise the jurisdiction, powers and authority c...
Composition of Tribunal.
(1) A Tribunal shall consist of one person only (hereinafter referred to as the Presiding Officer) to be appointed, by notification, by the Central Government. 1 [(2) Notwithstandi...
Qualifications for appointment as Presiding Officer.
A person shall not be qualified for appointment as the Presiding Officer of a Tribunal unless he is, or has been, or is qualified to be, a District Judge.
Term of office of Presiding Officer.
1 [6. Term of office of Presiding Officer. -- The Presiding Officer of a Tribunal shall hold office for a term of five years from the date on which he enters upon his office and sh...
Qualifications, terms and conditions of service of Presiding Officer.
1 [6A. Qualifications, terms and conditions of service of Presiding Officer. -- Notwithstanding anything contained in this Act, the qualifications, appointment, term of office, sal...
Staff of Tribunal.
(1) The Central Government shall provide the Tribunal 1 [with one or more Recovery Officers] and such other officers and employees as that Government may think fit. (2) 2 [The Reco...
Establishment of Appellate Tribunal.
(1) The Central Government shall, by notification, establish one or more Appellate Tribunals, to be known as the Debts Recovery Appellate Tribunal, to exercise the jurisdiction, po...
Composition of Appellate Tribunal.
An Appellate Tribunal shall consist of one person only (hereinafter referred to as 1 [the Chairperson of the Appellate Tribunal]) to be appointed, by notification, by the Central G...
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Disclaimer: This bare act is reproduced for general informational and reference purposes only and does not constitute legal advice. Always verify provisions against the latest official gazette and consult a qualified advocate before relying on any section.