The Recovery of Debts Due to Banks and Financial Institutions ActAn 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.
List of Chapters & Sections
PRELIMINARY ESTABLISHMENT OF TRIBUNAL AND APPELLATE TRIBUNAL JURISDICTION, POWERS AND AUTHORITY OF TRIBUNALS PROCEDURE OF TRIBUNALS RECOVERY OF DEBT DETERMINED BY TRIBUNAL MISCELLANEOUS
ESTABLISHMENT OF TRIBUNAL AND APPELLATE TRIBUNAL3Establishment of Tribunal4Composition of Tribunal5Qualifications for appointment as Presiding Officer6Term of office of Presiding Officer6AQualifications, terms and conditions of service of Presiding Officer7Staff of Tribunal8Establishment of Appellate Tribunal9Composition of Appellate Tribunal10Qualifications for appointment as Chairperson of the Appellate Tribunal11Term of office of Chairperson of Appellate Tribunal12Staff of the Appellate Tribunal13Salary and allowances and other terms and conditions of service of Presiding Officers14Filling up of vacancies15Resignation and removal15AQualifications, terms and conditions of service of Chairperson16Orders constituting Tribunal or an Appellate Tribunal to be final and not to invalidate its proceedings
JURISDICTION, POWERS AND AUTHORITY OF TRIBUNALS
PROCEDURE OF TRIBUNALS19Application to the Tribunal19AFiling of recovery applications, documents and written statements in electronic form20Appeal to the Appellate Tribunal21Deposit of amount of debt due, on filing appeal22Procedure and powers of the Tribunal and the Appellate Tribunal22AUniform procedure for conduct of proceedings23Right to legal representation and Presenting Officers24Limitation
RECOVERY OF DEBT DETERMINED BY TRIBUNAL25Modes of recovery of debts26Validity of certificate and amendment thereof27Stay of proceedings under certificate and amendment or withdrawal thereof28Other modes of recovery29Application of certain provisions of Income-tax Act30Appeal against the order of Recovery Officer30ADeposit of amount of debt due for filing appeal against orders of the Recovery Officer
MISCELLANEOUS31Transfer of pending cases31APower of Tribunal to issue certificate of recovery in case of decree or order31BPriority to secured creditors32Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants33Protection of action taken in good faith34Act to have overriding effect35Power to remove difficulties36Power to make rules37Repeal and saving