Recovery Of Debts And Bankruptcy Act, 1993

The Recovery Of Debts And Bankruptcy Act, 1993

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	199351
Act Number:	51
Enactment Date:	1993-08-27
Act Year:	1993
Short Title:	The Recovery Of Debts And Bankruptcy Act, 1993
Long Title:	An 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.
Ministry:	Ministry of Finance
Department:	Department of Financial Services
Enforcement Date:	24-06-1993

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Show all section The Recovery Of Debts And Bankruptcy Act, 1993

CHAPTER I

PRELIMINARY

CHAPTER II

ESTABLISHMENT OF TRIBUNAL AND APPELLATE TRIBUNAL

CHAPTER III

JURISDICTION, POWERS AND AUTHORITY OF TRIBUNALS

CHAPTER IV

PROCEDURE OF TRIBUNALS

CHAPTER V

RECOVERY OF DEBT DETERMINED BY TRIBUNAL

CHAPTER VI

MISCELLANEOUS


Section 1. Short title, extent, commencement and application. Show Related Subordinates
Section 2. Definitions.
Section 3. Establishment of Tribunal.
Section 4. Composition of Tribunal. Show Related Subordinates
Section 5. Qualifications for appointment as Presiding Officer.
Section 6. Term of office of Presiding Officer.
Section 6A. Qualifications, terms and conditions of service of Presiding Officer.
Section 7. Staff of Tribunal. Show Related Subordinates
Section 8. Establishment of Appellate Tribunal.
Section 9. Composition of Appellate Tribunal. Show Related Subordinates
Section 10. Qualifications for appointment as Chairperson of the Appellate Tribunal.
Section 11. Term of office of Chairperson of Appellate Tribunal.
Section 12. Staff of the Appellate Tribunal. Show Related Subordinates
Section 13. Salary and allowances and other terms and conditions of service of Presiding Officers. Show Related Subordinates
Section 14. Filling up of vacancies.
Section 15. Resignation and removal. Show Related Subordinates
Section 15A. Qualifications, terms and conditions of service of Chairperson.
Section 16. Orders constituting Tribunal or an Appellate Tribunal to be final and not to invalidate its proceedings.
Section 17. Jurisdiction, powers and authority of Tribunals.
Section 17A. Power of Chairperson of Appellate Tribunal.
Section 18. Bar of jurisdiction.
Section 19. Application to the Tribunal.
Section 19A. Filing of recovery applications, documents and written statements in electronic form.
Section 20. Appeal to the Appellate Tribunal.
Section 21. Deposit of amount of debt due, on filing appeal.
Section 22. Procedure and powers of the Tribunal and the Appellate Tribunal.
Section 22A. Uniform procedure for conduct of proceedings.
Section 23. Right to legal representation and Presenting Officers.
Section 24. Limitation.
Section 25. Modes of recovery of debts.
Section 26. Validity of certificate and amendment thereof.
Section 27. Stay of proceedings under certificate and amendment or withdrawal thereof.
Section 28. Other modes of recovery.
Section 29. Application of certain provisions of Income-tax Act.
Section 30. Appeal against the order of Recovery Officer.
Section 30A. Deposit of amount of debt due for filing appeal against orders of the Recovery Officer.
Section 31. Transfer of pending cases.
Section 31A. Power of Tribunal to issue certificate of recovery in case of decree or order.
Section 31B. Priority to secured creditors.
Section 32. Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants.
Section 33. Protection of action taken in good faith.
Section 34. Act to have overriding effect.
Section 35. Power to remove difficulties.
Section 36. Power to make rules. Show Related Subordinates
Section 37. Repeal and saving.

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Year	Description	Files
20-08-1993	Debts Recovery Tribunal (Procedure) Rules, 1993
04-02-1994	Debts Recovery Tribunals (Salaries, Allowances and other terms and conditions of service of the Presiding Officer) Rules 1993
04-02-1994	Debts Recovery Appellate Tribunals (Salaries, Allowances and other terms and conditions of service of the Chairperson) Rules, 1993
04-02-1994	Debts Recovery Appellate Tribunals( Salaries, allowances and other conditions of Service of the officers and employees Rules), 1993
04-02-1994	Debts Recovery Tribunals (Salaries, Allowances and other conditions of service of the Recovery Officer and other officer and employees) Rules, 1993
31-03-1994	Debts Recovery Tribunals (Procedure) Amendment Rules, 1994
19-06-1997	Debts Recovery Tribunal (Procedure) Amendment Rules, 1997
24-06-1997	Debts Recovery Tribunal (Financial and Administrative Power) Rules, 1997
19-01-1998	Debts Recovery Tribunal (Procedure for the appointment of Presiding Officer of the Tribunal) Rules,1998
19-01-1998	Debts Recovery Appellate Tribunals (Procedure for appointment as Chairperson of the Appellate Tribunal Rules), 1998
29-12-1998	Debts Recovery Appellate Tribunal Recruitment Rules for Group C & D Posts
09-01-1999	Debts Recovery Tribunals Recruitment Rules for Group C & D Posts
02-08-2000	Debts Recovery Tribunals (Procedure for appointment as PO of the Tribunal Amendment Rules), 2000
02-08-2000	Debts Recovery Appellate Tribunals (Procedure for appointment as Chairperson of the Appellate Tribunal Amendment Rules), 2000
15-11-2001	Debts Recovery Appellate Tribunal Recruitment Rules for Group A & B Posts
15-11-2001	Debts Recovery Tribunals Recruitment Rules for Group A & B Posts
25-02-2005	Debts Recovery Appellate Tribunal (Procedure for the appointment of Chairperson of the Appellate Tribunal)amendment Rules ,2005
05-11-2008	Debts Recovery Tribunals (Salaries allowances and other terms and conditions of service of Presiding Officer Amendment Rules), 2008
07-07-2010	Debts Recovery Tribunals ( Procedure for Investigation of Misbehaviour or incapacity of Presiding Officer ) Rules, 2010
04-01-2011	Debts Recovery Tribunals (Procedure for Appointment as PO of the Tribunal Amendment Rules), 2010
18-03-2011	Debts Recovery Appellate Tribunal (Procedure for appointment as Chairperson of the Appellate Tribunal Amendment Rules), 2011
19-12-2012	Debts Recovery Tribunals (Procedure for Investigation of Misbehavior or Incapacity of PO) Rules, 2012
03-11-2016	various amendments in DRAT and DRT procedural rules

Year	Description	Files
08-06-2018	Notification No.535(E), 536(E), 537(E), 538(E) & 539(E) dated 8.6.2018 - Unified Cadre for the staff of all the DRTs across the country
06-09-2018	Notification No. S.O 4312(E) dtd 6.9.18 - Increase in Pecuniary Jurisdiction of DRTs from Rs. 10 Lakhs to Rs. 20 Lakhs under the RDDBFI Act, 1993