Lawgist31APower of Tribunal to issue certificate of recovery in case of decree or order
1[31A. Power of Tribunal to issue certificate of recovery in case of decree or order.-- (1) Where a decree or order was passed by any court before the commencement of the Recovery of Debts Due to Banks and Financial Institutions (Amendment) Act, 2000 (1 of 2000) and has not yet been executed, then, the decree-holder may apply to the Tribunal to pass an order for recovery of the amount.
(2) On receipt of an application under sub-section (1), the Tribunal may issue a certificate for recovery to a Recovery Officer.
(3) On receipt of a certificate under sub-section (2), the Recovery Officer shall proceed to recover the amount as if it was a certificate in respect of a debt recoverable under this Act.]
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1 Ins. by s. 14, ibid. (w.e.f. 17-1-2000).
- 31 Transfer of pending cases
- 31A Power of Tribunal to issue certificate of recovery in case of decree or order
- 31B Priority to secured creditors
- 32 Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants
- 33 Protection of action taken in good faith
- 34 Act to have overriding effect
- 35 Power to remove difficulties
- 36 Power to make rules
- 37 Repeal and saving
