The Recovery Of Debts And Bankruptcy Act, 1993
Central Act · Act 51 of 199345 provisions17 citing judgments
The enactment
| Long title | 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. |
|---|---|
| Type | Act |
| Citation | Act 51 of 1993 |
| Year | 1993 |
| Jurisdiction | Central |
| Ministry | Ministry of Finance |
| Status | In force as published by the source |
| Provisions published | 45 |
| Subjects | corporate, financial |
Full text, provision by provision
Every provision below opens in full, free and without an account.
- Section 1 Short title, extent, commencement and application.1 citing judgment
- Section 2 Definitions.2 citing judgments
- Section 3 Establishment of Tribunal.
- Section 4 Composition of Tribunal.
- Section 5 Qualifications for appointment as Presiding Officer.
- Section 6 Term of office of Presiding Officer.
- Section 6A Qualifications, terms and conditions of service of Presiding Officer.
- Section 7 Staff of Tribunal.
- Section 8 Establishment of Appellate Tribunal.
- Section 9 Composition of Appellate Tribunal.
- Section 10 Qualifications for appointment as Chairperson of the Appellate Tribunal.
- Section 11 Term of office of Chairperson of Appellate Tribunal.
- Section 12 Staff of the Appellate Tribunal.
- Section 13 Salary and allowances and other terms and conditions of service of Presiding Officers.1 citing judgment
- Section 14 Filling up of vacancies.
- Section 15 Resignation and removal.
- Section 15A Qualifications, terms and conditions of service of Chairperson.
- Section 16 Orders constituting Tribunal or an Appellate Tribunal to be final and not to invalidate its proceedings.
- Section 17 Jurisdiction, powers and authority of Tribunals.1 citing judgment
- Section 17A Power of Chairperson of Appellate Tribunal.
- Section 18 Bar of jurisdiction.1 citing judgment
- Section 19 Application to the Tribunal.3 citing judgments
- Section 19A Filing of recovery applications, documents and written statements in electronic form.
- Section 20 Appeal to the Appellate Tribunal.
- Section 21 Deposit of amount of debt due, on filing appeal.
- Section 22 Procedure and powers of the Tribunal and the Appellate Tribunal.2 citing judgments
- Section 22A Uniform procedure for conduct of proceedings.
- Section 23 Right to legal representation and Presenting Officers.
- Section 24 Limitation.
- Section 25 Modes of recovery of debts.1 citing judgment
- Section 26 Validity of certificate and amendment thereof.
- Section 27 Stay of proceedings under certificate and amendment or withdrawal thereof.
- Section 28 Other modes of recovery.
- Section 29 Application of certain provisions of Income-tax Act.1 citing judgment
- Section 30 Appeal against the order of Recovery Officer.
- Section 30A Deposit of amount of debt due for filing appeal against orders of the Recovery Officer.1 citing judgment
- Section 31 Transfer of pending cases.
- Section 31A Power of Tribunal to issue certificate of recovery in case of decree or order.1 citing judgment
- Section 31B Priority to secured creditors.1 citing judgment
- Section 32 Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants.
- Section 33 Protection of action taken in good faith.
- Section 34 Act to have overriding effect.
- Section 35 Power to remove difficulties.
- Section 36 Power to make rules.1 citing judgment
- Section 37 Repeal and saving.
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