DEBTS RECOVERY APPELLATE TRIBUNAL (PROCEDURE) RULES, 1994


Posted on 29-10-2015        By ADMIN

DEBTS RECOVERY APPELLATE TRIBUNAL (PROCEDURE) RULES, 1994 free cs notes - cs executive - professional free download notes [Notification No. GSR 815(E), dated 16th. November, 1994] In exercise of the powers conferred by sub-sections (1) and (2) of section 36 of the Recovery of Debts Due to Banks and Financial Institution Act, 1993 (51 of 1993), the Central Government hereby makes the following rules, namely: - 1. Short title and commencement (1) These rules may be called the Debts Recovery Appellate Tribunal (Procedure) Rules, 1994 (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions In these rules, unless the context otherwise requires,- (a) "Act" means the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993); (b) "agent" means a person duly authorised by a party to present appeal or to give reply on its behalf before the Appellate Tribunal; (c) "appeal" means an appeal made to the Appellate Tribunal under section 20 or section 30 of the Act: (d) "appellant" means a person or a bank or financial institution making an appeal to the Appellate Tribunal under section 20 or section 30 of the Act; (e) "Appellate Tribunal" means an Appellate Tribunal established by the, Central Government under section 8 of the Act; (f) "legal practitioner" shall have the same meaning as assigned to it in the Advocates Act, 1961 (25 of 1961);


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