FAQ About the Procedure for Proving Facts and Documents on by Bank/ Financial Institution or by Borrower/guarantors
Answer: Where a defendant makes an admission of the full or part of the amount of debt due to a bank or financial institution, the Debts Recovery Tribunal shall order such defendant to pay the amount, to the extent of the admission within a period of thirty days from the date of such order failing which the Tribunal may issue a recovery certificate for the recovery of the admitted amount.
(See Section 19(5B) of RDB Act, 1993)
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Recent FAQs
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