Act Number: 51

Act Name: The Recovery Of Debts And Bankruptcy Act, 1993

Year: 1993

Enactment Date: 1993-08-27

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 4: Composition of Tribunal.
    (1) A Tribunal shall consist of one person only (hereinafter referred to as the Presiding Officer) to be appointed, by notification, by the Central Government.
     1[(2) Notwithstanding anything contained in sub-section (1), the Central Government may--
         (a) authorise the Presiding Officer of any other Tribunal established under any other law for the time being in force to discharge the function of the Presiding Officer of a Debt Recovery Tribunal under this Act in addition to his being the Presiding Officer of that Tribunal; or
         (b) authorise the judicial Member holding post as such in any other Tribunal, established under any other law for the time being in force, to discharge the functions of the Presiding Officer of Debts Recovery Tribunal under this Act, in addition to his being the judicial Member of that Tribunal.]
Notes:
1 Subs. by Act 44 of 2016, s. 27, for sub-section (2) (w.e.f. 1-9-2016).
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