FAQ About the Meaning of “debts”
Answer: The expression "debt" has to be given the widest amplitude to mean any liability which is alleged as due from any person by bank or financial institution or by a consortium of banks or financial institution during the course of any business activity undertaken by the them whether secured or unsecured or assigned whether payable under a decree or order of any Court or otherwise and legally recoverable on the date of the recovery application filed in Debts Recovery Tribunals by banks and financial institutions under Section 19 of RDB Act, 1993.
(See Section 2(g) of RDB Act, 1993)
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Recent FAQs
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FAQ About Filing of Recovery Application(Original Application) in Debt Recover Tribunal
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FAQ About the Meaning of “debts”
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FAQ About What Should Be Done by Debts Recovery Tribunal After the Banks/financial Institutions File the Recovery Application(Original Application)
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FAQ About What Are the Power of Debts Recovery Tribunal About Passing of Interim Order Like Injunction, Attachment, Receiver
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FAQ About Written Statement to Be Filed by Borrower/guarantor Including Counter Claim/set Off
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FAQ About Judgment on Admission or When the Borrower Admit the Claim of the Bank/ Financial Institution Either in Full in Part
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FAQ About the Procedure for Proving Facts and Documents on by Bank/ Financial Institution or by Borrower/guarantors
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FAQ About Suits Filed by Borrower/guarantors in Civil Court
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FAQ About the Final Order That May Be Passed by Debts Recovery Tribunal on the Recovery Application(Original Application) Filed by Banks/ Financial Institutions
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FAQ About Final Order / Certificate Against a Dead Person
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FAQ About Appeals to Debts Recovery Tribunals
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FAQ About Pre-deposit for Preferring an Appeal to Debts Recovery Tribunals Under RDB Act, 1993
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FAQ About the Procedure Which is to Be Followed by Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Under Rdb Act, 1993
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FAQ About the Power of Recovery Officer and About the Procedure of Recovery Officer
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FAQ About the Power of Presiding Officers After Issuing a Recovery Certificate
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FAQ About Filing an Appeal Before the Presiding Officer Against an Order of the Recovery Officer of Debts Recovery Tribunal
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FAQ About Sale by Recovery Officer
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FAQ About Arrest Detention in Civil Prison
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FAQ About Various Misc. Matters Under RDB Act,1993
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