Lawgist3Establishment 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.
1[(1A) The Central Government shall by notification establish such number of Debts Recovery Tribunals and its benches as it may consider necessary, to exercise the jurisdiction, power and authority of the Adjudicating Authority conferred on such Tribunal by or under the Insolvency and Bankruptcy Code, 2016 (31 of 2016).]
(2) The Central Government shall also specify, in the notification referred to in sub-section (1), the areas within which the Tribunal may exercise jurisdiction for entertaining and deciding the applications filed before it.
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1 Ins. by Act 31 of 2016, s. 249 and the Fifth Schedule (w.e.f. 1-12-2019 in so far as they relate to personal guarantors to corporate debtors).
- 3 Establishment of Tribunal
- 4 Composition of Tribunal
- 5 Qualifications for appointment as Presiding Officer
- 6 Term of office of Presiding Officer
- 6A Qualifications, terms and conditions of service of Presiding Officer
- 7 Staff of Tribunal
- 8 Establishment of Appellate Tribunal
- 9 Composition of Appellate Tribunal
- 10 Qualifications for appointment as Chairperson of the Appellate Tribunal
- 11 Term of office of Chairperson of Appellate Tribunal
- 12 Staff of the Appellate Tribunal
- 13 Salary and allowances and other terms and conditions of service of Presiding Officers
- 14 Filling up of vacancies
- 15 Resignation and removal
- 15A Qualifications, terms and conditions of service of Chairperson
- 16 Orders constituting Tribunal or an Appellate Tribunal to be final and not to invalidate its proceedings
