RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (RDDBFI Act, 1993) CHAPTER I PRELIMINARY Section 1: Short title, extent, commencement and application: “1 . (1) This Act may be called the Recovery of Debts and Bankruptcy Act, 1993. (2) It extends…
Category: Bare Act-RDDBFI Act, 1993
Chapter-II Establishment of Tribunal and Appellate Tribunal (RDDBFI Act, 1993)
RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (RDDBFI Act, 1993) CHAPTER II ESTABLISHMENT OF TRIBUNAL AND APPELLATE TRIBUNAL Section 3: Establishment of Tribunal: “3. (1) The Central Government shall, by notification, establish one or more Tribunals, to be…
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Chapter-III Jurisdiction, Powers and Authority of Tribunals (RDDBFI Act, 1993)
RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (RDDBFI Act, 1993) CHAPTER III JURISDICTION, POWERS AND AUTHORITY OF TRIBUNAL Section 17: Jurisdiction, powers and authority of Tribunals: “17. (1) A Tribunal shall exercise, on and from the appointed day,…
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Chapter-IV Procedure of Tribunals (RDDBFI Act, 1993)
RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (RDDBFI Act, 1993) CHAPTER IV PROCEDURE OF TRIBUNALS Section 19: Application to the Tribunal: “19 . (1) Where a bank or a financial institution has to recover any debt from any person,…
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Chapter-V Recovery of Debt Determined by Tribunal (RDDBFI Act, 1993)
RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (RDDBFI Act, 1993) CHAPTER V RECOVERY OF DEBT DETERMINED BY TRIBUNAL Section 25: Modes of recovery of debts: “25. The Recovery Officer shall, on receipt of the copy of the certificate…
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Chapter-VI Miscellaneous (RDDBFI Act, 1993)
RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (RDDBFI Act, 1993) CHAPTER VI MISCELLANEOUS Section 31: Transfer of pending cases: “31 . (1) Every suit or other proceeding pending before any court immediately before the date of establishment of a…