Recovery Of Debts And Bankruptcy Act, 1993
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.
Chapter I: Preliminary
- 1 Short title, extent, commencement and application 2 judgments
- 2 Definitions 18 judgments
Chapter II: Establishment of Tribunal and Appellate Tribunal
- 3 Establishment of Tribunal 2 judgments
- 4 Composition of Tribunal
- 5 Qualifications for appointment as Presiding Officer 1 judgment
- 6 Term of office of Presiding Officer
- 6A Qualifications, terms and conditions of service of Presiding Officer
- 7 Staff of Tribunal 2 judgments
- 8 Establishment of Appellate Tribunal 1 judgment
- 9 Composition of Appellate Tribunal
- 10 Qualifications for appointment as Chairperson of the Appellate Tribunal
- 11 Term of office of Chairperson of Appellate Tribunal
- 12 Staff of the Appellate Tribunal
- 13 Salary and allowances and other terms and conditions of service of Presiding Officers 1 judgment
- 14 Filling up of vacancies
- 15 Resignation and removal
- 15A Qualifications, terms and conditions of service of Chairperson
- 16 Orders constituting Tribunal or an Appellate Tribunal to be final and not to invalidate its proceedings
Chapter III: Jurisdiction, Powers and Authority of Tribunals
Chapter IV: Procedure of Tribunals
- 19 Application to the Tribunal 47 judgments
- 19A Filing of recovery applications, documents and written statements in electronic form
- 20 Appeal to the Appellate Tribunal 13 judgments
- 21 Deposit of amount of debt due, on filing appeal 4 judgments
- 22 Procedure and powers of the Tribunal and the Appellate Tribunal 6 judgments
- 22A Uniform procedure for conduct of proceedings
- 23 Right to legal representation and Presenting Officers
- 24 Limitation 12 judgments
Chapter V: Recovery of Debt Determined by Tribunal
- 25 Modes of recovery of debts 5 judgments
- 26 Validity of certificate and amendment thereof
- 27 Stay of proceedings under certificate and amendment or withdrawal thereof
- 28 Other modes of recovery
- 29 Application of certain provisions of Income-tax Act 4 judgments
- 30 Appeal against the order of Recovery Officer 6 judgments
- 30A Deposit of amount of debt due for filing appeal against orders of the Recovery Officer
Chapter VI: Miscellaneous
- 31 Transfer of pending cases 18 judgments
- 31A Power of Tribunal to issue certificate of recovery in case of decree or order 1 judgment
- 31B Priority to secured creditors
- 32 Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants
- 33 Protection of action taken in good faith
- 34 Act to have overriding effect 12 judgments
- 35 Power to remove difficulties
- 36 Power to make rules 1 judgment
- 37 Repeal and saving
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 14 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.