AMENDMENTS TO RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (51 of 1993)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ds ", insolvency resolution and bankruptcy of individuals and partnership firms" shall be inserted, namely:-. 2. In section 1,- (a) in sub-section (1), for the words "Due to Banks and Financial Institutions" the words "and Bankruptcy" shall be substituted; (b) in sub-section (4), for the words " The provision of this Code", the words "Save as otherwise provided, the provisions of this Cod....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd Bankruptcy Code, 2016". 5. In section 17, - (i) after sub-section (1), the following sub-section shall be inserted, namely :- "(1A) Without prejudice to sub-section (1),- (a) the Tribunal shall exercise, on and from the date to be appointed by the Central Government, the jurisdiction, powers and authority to entertain and decide applications under Part III of Insol....