Section 26: Validity of certificate and amendment thereof

Save(0)

The Recovery of Debts due to Banks and Financial Institutions Act, 1993

Chapter V

Recovery of Debt determined by Tribunal

Section 26: Validity of certificate and amendment thereof.

26. (1) It shall not be open to the defendant to dispute before the Recovery Officer the correctness of the amount specified in the certificate, and no objection to the certificate on any other ground shall also be entertained by the Recovery Officer.

(2) Notwithstanding the issue of a certificate to a Recovery Officer, the Presiding Officer shall have power to withdraw the certificate or correct any clerical or arithmetical mistake in the certificate by sending intimation to the Recovery Officer.

(3) The Presiding Officer shall intimate to the Recovery Officer any order withdrawing or cancelling a certificate or any correction made by him under sub-section (2).

Leave a Reply

Your email address will not be published.