The Recovery of Debts and Bankruptcy Act, 1993Act No. 51 of 1993 [27th August, 1993.] An Act to provide for the establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions 1[,insolvency resolution and…
Category: Bare Act-RDDBFI Act Sections
Section 2 of Recovery of Debts and Bankruptcy Act, 1993: Definitions
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-I Preliminary Section 2: Definitions. 2. 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 an…
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Section 3 of Recovery of Debts and Bankruptcy Act, 1993: Establishment of Tribunal
The Recovery of Debts and Bankruptcy 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 known as the Debts Recovery…
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Section 4 of Recovery of Debts and Bankruptcy Act, 1993: Composition of Tribunal
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-II Establishment of Tribunal and Appellate Tribunal Section 4: Composition of Tribunal. 4. (1) A Tribunal shall consist of one person only (hereinafter referred to as the Presiding Officer) to be appointed,…
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Section 5 of Recovery of Debts and Bankruptcy Act, 1993: Qualifications for appointment as Presiding Officer
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-II Establishment of Tribunal and Appellate Tribunal Section 5: Qualifications for appointment as Presiding Officer. 5. A person shall not be qualified for appointment as the Presiding Officer of a Tribunal unless…
Section 6 of Recovery of Debts and Bankruptcy Act, 1993: Term of office of Presiding Officer
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-II Establishment of Tribunal and Appellate Tribunal Section 6: Term of office of Presiding Officer. 1[6. The Presiding Officer of a Tribunal shall hold office for a term of five years from…
Section 6A of Recovery of Debts and Bankruptcy Act, 1993: Qualifications terms and conditions of service of Presiding Officer
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-II Establishment of Tribunal and Appellate Tribunal Section 6A: Qualifications, terms and conditions of service of Presiding Officer. 1[6A. Notwithstanding anything contained in this Act, the qualifications, appointment, term of office, salaries…
Section 7 of Recovery of Debts and Bankruptcy Act, 1993: Staff of Tribunal
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-II Establishment of Tribunal and Appellate Tribunal Section 7: Staff of Tribunal. 7. (1) The Central Government shall provide the Tribunal 1[with one or more Recovery Officers] and such other officers and…
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Section 8 of Recovery of Debts and Bankruptcy Act, 1993: Establishment of Appellate Tribunal
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-II Establishment of Tribunal and Appellate Tribunal Section 8: Establishment of Appellate Tribunal. 8. (1) The Central Government shall, by notification, establish one or more Appellate Tribunals, to be known as the…
Section 9 of Recovery of Debts and Bankruptcy Act, 1993: Composition of Appellate Tribunal
The Recovery of Debts and Bankruptcy Act, 1993 Chapter-II Establishment of Tribunal and Appellate Tribunal Section 9: Composition of Appellate Tribunal. 9. An Appellate Tribunal shall consist of one person only (hereinafter referred to as 1[the Chairperson of the Appellate…
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