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Recovery of Debts Due to Banks and Financial Institutions Act 1993

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 Be it enacted by Parliament in the Forty-fourth year of the Republic of India as follows :_

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