LawgistThe Recovery of Debts Due to Banks and Financial Institutions Act
26Validity of certificate and amendment thereof
(1) It shall not be open to the defendant to dispute before the Recovery Officer the correctness of the amount specified in the certificate, and no objection to the certificate on any other ground shall also be entertained by the Recovery Officer.
(2) Notwithstanding the issue of a certificate to a Recovery Officer, the Presiding Officer shall have power to withdraw the certificate or correct any clerical or arithmetical mistake in the certificate by sending intimation to the Recovery Officer.
(3) The Presiding Officer shall intimate to the Recovery Officer any order withdrawing or cancelling a certificate or any correction made by him under sub-section (2).
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RECOVERY OF DEBT DETERMINED BY TRIBUNAL
- 25 Modes of recovery of debts
- 26 Validity of certificate and amendment thereof
- 27 Stay of proceedings under certificate and amendment or withdrawal thereof
- 28 Other modes of recovery
- 29 Application of certain provisions of Income-tax Act
- 30 Appeal against the order of Recovery Officer
- 30A Deposit of amount of debt due for filing appeal against orders of the Recovery Officer
