Central · Act 51 of 1993

The Recovery Of Debts And Bankruptcy 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.

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a1993-51.pdf

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About this act

Jurisdiction
Central
Enactment date
1993-08-27
Sections available
45

Commencement information from the source

1993-06-24

Read the sections

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

India Code, Government of India. Text fetched 10 Oct 2026. Source metadata reports last modification: 2021-07-15. Check the linked official text and subsequent notifications when applying a provision.

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