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Section 15 – The Recovery of Debts Due To Banks and Financial Institutions Act,1993

The Recovery of Debts Due To Banks and Financial Institutions Act,1993

Section 15. Resignation and removal

(1) The Presiding Officer of a Tribunal or an Appellate Tribunal may, by notice in writing under his hand addressed to the Central Government, resign his office:

Provided that 1[the Presiding Officer of a Tribunal or the Chairperson of an Appellate Tribunal] shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold Office until the expiry of three months from the date of receipt of such notice or until a person duly appointed as his successor enters upon his office or until the expiry of his term 6f office, whichever is the earliest.

(2) The Presiding Officer of a Tribunal or an Appellate Tribunal shall not be removed from his office except by an order made by the Central Government on the ground of proved misbehaviour or incapacity after inquiry, –

(a) In the case of the Presiding Officer of a Tribunal, made by a Judge of a High Court;

(b) In the case of the Presiding Officer of an Appellate Tribunal, made by a judge of the Supreme Court,

In which 1[the Presiding Officer of a Tribunal or the Chairperson of an Appellate Tribunal] concerned has been informed of the charges against him and given a reasonable opportunity of being heard in respect of these charges.

(3) The Central Government may, by rules, regulate the procedure for the investigation of misbehaviour or incapacity of 1[the Presiding Officer of a Tribunal or the Chairperson of an Appellate Tribunal.]

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1. Substituted by Act 1 of The Recovery of Debts due to Banks and Financial Institutions (Amendment) Act,2000, dt. 25-03-2000

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The Recovery of Debts Due To Banks and Financial Institutions Act,1993

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