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RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 Title : RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 Year : 1993 Act : CHAPTER V RECOVERY OF DEBT DETERMINED BY TRIBUNAL

Title : RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 Year : 1993 Act : CHAPTER IV PROCEDURE OF TRIBUNALS 2[19. Application to the Tribunal (1) Where a bank or a financial institution has to recover any debt from any person, it may make an application to the Tribunal within the local limits of whose jurisdiction-

7. Jurisdiction, powers and authority of Tribunals (1) A Tribunal shall exercise, on and from the appointed day, the jurisdiction, powers and authority to entertain and decide applications from the banks and financial institutions for recovery of debts due to such banks and financial institutions.

3. Establishment of Tribunal (1) The Central Government shall, by notification, establish one or more Tribunals, to be known as the Debts Recovery Tribunal, to exercise the jurisdiction, powers and authority conferred on such Tribunal by or under this Act.

CHAPTER I: PRELIMINARY 1. Short title, extent, commencement and application (1) This Act may be called the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. (2) It extends to the whole of India except the State of Jammu and Kashmir.

RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993

Company when deemed unable to pay its debts.

gnup Lawyer's Login Member's Signup Member's Login Home > Indian Bare Acts > The Companies Act, 1956 > Section 45 Members severally liable for debts where business carried on with fewer than seven, or in the case of a private company, two members. INDIAN BARE ACTS Search Alphabatically : A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Search Chronologically : THE COMPANIES ACT, 1956 Title : The Companies Act, 1956

d or his debt or claim has been discharged, or has determined, or has been secured, may make an order confirming the reduction on such terms and conditions as it thinks fit. (2) Where the Court makes any such order, it may (a) if for any special reason it thinks proper so to do, make an order directing that the company shall, during such period commencing on, or at any time after, the date of the order, as is specified in the order, add to its name as the last words thereof the words " and red

BANKING REGULATION ACT, 1949 FOREIGN TRADE (REGULATION) RULES, 1993 INDUSTRIAL TRIBUNAL (CENTRAL PROCEDURE) RULES, 1954 RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 SECURITISATION ACT STATE FINANCIAL CORPORATIONS ACT, 1951 THE ALLIANZ UND STUTTGARTER LIFE INSURANCE BANK (TRANSFER) ACT, 1950 THE ASIAN DEVELOPMENT BANK ACT, 1966

Description of Instrument Proper Stamp-duty 1.   ACKNO WLEDGEMENT of a debt exceeding twenty rupees in amounts or value written or signed by, or on behalf of, a debtor in order to

31. Transfer of pending cases (1) Every suit or other proceeding pending before any court immediately before the date of establishment of a Tribunal under this Act, being a suit or proceeding the cause of action whereon it is based is such that it would have been, if it had arisen after such establishment, within the jurisdiction of such Tribunal, shall stand transferred on that date to such Tribunal: