Section 31A
Power of Tribunal to issue certificate of recovery in case of decree or order.
The Recovery Of Debts And Bankruptcy Act, 1993
About this Act
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.
1[31A. 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 (1 of 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 amount as if it was a certificate in respect of a debt recoverable under this Act.]
(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 amount as if it was a certificate in respect of a debt recoverable under this Act.]
Notes
1 Ins. by s. 14, ibid. (w.e.f. 17-1-2000).