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Section 18

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002.Ordinance · 2002

(1) Any person aggrieved by any order made by the Debts Recovery Tribunal under section 17 may prefer an appeal to an Appellate Tribunal within thirty days from the date of receipt of the order of Debts Recovery Tribunal.

Appeal to Appellate Tribunal.

51 of 1993.

(2) Save as otherwise provided in this Ordinance, the Appellate Tribunal shall, as far as may be, dispose of the appeal in accordance with the provisions of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and rules made thereunder.

19. If the Debts Recovery Tribunal or the Appellate Tribunal, as the case may be, on an appeal filed under section 17 or section 18, holds the possession of secured assets by the secured creditor as wrongful and directs the secured creditor to return such secured assets to Right of borrower to receive compensation and costs In certain 14 THE GAZETTE OF INDIA EXTRAORDINARY [PARI- l i - the concerned borrower, such borrower shall be entitled to payment of such compensation and costs as may be determined by such Tribunal or Appellate Tribunal.

Central Registry.

CHAPTER IV CENTRAL REGISTRY

Where this provision sits

ActThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002.
Section18
StatusIn force as published by the source

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