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Section 31 A – 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 31 A. Power of Tribunal to issue certificate of recovery in case of decree or order

1[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 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 amounts as if it was a certificate in respect of a debt recoverable under this Act.]

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1. Inserted 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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