Recovery of Debts Due to Banks and Financial Institutions Act : Jurisdiction, powers and authority of

Recovery of Debts Due to Banks and Financial Institutions Act,1993

Act No : 51

Section : Jurisdiction, powers and authority of Tribunals.

17. Jurisdiction, powers and authority of Tribunals. (1) A Tribunal shall exercise, on and from the appointed day, the jurisdiction, powers and authority to entertain and decide applica- tions from the banks and financial institutions for recovery of debts due to such banks and financial institutions. (2) An Appellate Tribunal shall exercise, on and from the appointed day, the jurisdiction, powers and authority to entertain appeals against any order made, or deemed to have been made, by a Tribunal under this Act.