Section 1: Short title, extent, commencement and application.
The Recovery Of Debts And Bankruptcy Act, 1993Central Act · Act 51 of 1993
(1) This Act may be called the Recovery of Debts [and Bankruptcy] Act, 1993.
(2) It extends to the whole of India except the State of Jammu and Kashmir.
(3) It shall be deemed to have come into force on the 24th day of June, 1993.
(4) [Save as otherwise provided, the provisions of this Code] Act shall not apply where the amount of debt due to any bank or financial institution or to a consortium of banks or financial institutions is less than ten lakh rupees or such other amount, being not less than one lakh rupees, as the Central Government may, by notification, specify.
Short title, extent, commencement and application.
Jurisdiction
Central
Status
In force as published by the source
Judgments citing it
1
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
substituted, Act 31 of 2016. Subs. by Act 31 of 2016, s. 249 and the Sch. V, for "Due to Banks and Financial Institutions" (w.e.f. 1-12-2019) .
substituted. Subs, by s. 249 and the Sch. V, ibid for "The provision of this Act" (w.e.f. 1-12-2019). *. Vide notifn No. S.O. 3912(E), dated 30th October, 2019, this Act is made applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh.
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