Recovery Of Debts And Bankruptcy Act, 1993
Bare Act · 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 bankruptcy of individuals and partnership firms] and for matters connected therewith or incidental thereto.
In the syllabus of: Delhi Higher Judiciary
- Act number
- 51 of 1993
- Enacted
- 27 August 1993
- Contents
- 45 sections · 7 chapters
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Contents
Chapter I — Preliminary
Chapter II — Establishment Of Tribunal And Appellate Tribunal
- 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 (preview)
- Section 6A – Qualifications, terms and conditions of service of Presiding Officer (preview)
- Section 7 – Staff of Tribunal (preview)
- Section 8 – Establishment of Appellate Tribunal (preview)
- Section 9 – Composition of Appellate Tribunal (preview)
- Section 10 – Qualifications for appointment as Chairperson of the Appellate Tribunal (preview)
- Section 11 – Term of office of Chairperson of Appellate Tribunal (preview)
- Section 12 – Staff of the Appellate Tribunal (preview)
- Section 13 – Salary and allowances and other terms and conditions of service of Presiding Officers (preview)
- Section 14 – Filling up of vacancies (preview)
- Section 15 – Resignation and removal (preview)
- Section 15A – Qualifications, terms and conditions of service of Chairperson (preview)
- Section 16 – Orders constituting Tribunal or an Appellate Tribunal to be final and not to invalidate its proceedings (preview)
Chapter III — Jurisdiction, Powers And Authority Of Tribunals
- Section 17 – Jurisdiction, powers and authority of Tribunals (preview)
- Section 17A – Power of Chairperson of Appellate Tribunal (preview)
- Section 18 – Bar of jurisdiction (preview)
Chapter IV — Procedure Of Tribunals
- Section 19 – Application to the Tribunal (preview)
- Section 19A – Filing of recovery applications, documents and written statements in electronic form (preview)
- Section 20 – Appeal to the Appellate Tribunal (preview)
- Section 21 – Deposit of amount of debt due, on filing appeal (preview)
- Section 22 – Procedure and powers of the Tribunal and the Appellate Tribunal (preview)
- Section 22A – Uniform procedure for conduct of proceedings (preview)
- Section 23 – Right to legal representation and Presenting Officers (preview)
- Section 24 – Limitation (preview)
Chapter V — Recovery Of Debt Determined By Tribunal
- Section 25 – Modes of recovery of debts (preview)
- Section 26 – Validity of certificate and amendment thereof (preview)
- Section 27 – Stay of proceedings under certificate and amendment or withdrawal thereof (preview)
- Section 28 – Other modes of recovery (preview)
- Section 29 – Application of certain provisions of Income-tax Act (preview)
- Section 30 – Appeal against the order of Recovery Officer (preview)
- Section 30A – Deposit of amount of debt due for filing appeal against orders of the Recovery Officer (preview)
Chapter VI — Miscellaneous
- Section 31 – Transfer of pending cases (preview)
- Section 31A – Power of Tribunal to issue certificate of recovery in case of decree or order (preview)
- Section 31B – Priority to secured creditors (preview)
- Section 32 – Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants (preview)
- Section 33 – Protection of action taken in good faith (preview)
- Section 34 – Act to have overriding effect (preview)
- Section 35 – Power to remove difficulties (preview)
- Section 37 – Repeal and saving (preview)
Sections
- Section 36 – Power to make rules (preview)