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 7: Staff of Tribunal.
    (1) The Central Government shall provide the Tribunal 1[with one or more Recovery Officers] and such other officers and employees as that Government may think fit.
     (2) 2[The Recovery Officers] and other officers and employees of a Tribunal shall discharge their functions under the general superintendence of the Presiding Officer.
     (3) The salaries and allowances and other conditions of service of the 3[Recovery Officers] and other officers and employees of a Tribunal shall be such as may be prescribed.
Notes:
1 Subs. by Act 1 of 2000, s. 4, for "with a Recovery Officer" (w.e.f. 17-1-2000).
2 Subs. by s. 4, ibid., for "The Recovery Officer" (w.e.f. 17-1-2000).
3 Subs. by s. 4, ibid., for "Recovery Officer" (w.e.f. 17-1-2000).
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