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Core Purpose

Order authorizing the Chairperson of the Debts Recovery Appellate Tribunal, Mumbai to additionally discharge the functions of the Chairperson of the Debts Recovery Appellate Tribunal, Delhi for specified appeals.

Detailed Summary

The Ministry of Finance, Department of Financial Services, issued Order S.O. 1058(E) dated 5th March 2024, exercising powers under sub-section (3) of section 8 of the Recovery of Debts and Bankruptcy Act, 1993 (51 of 1993), authorizing the Chairperson of the Debts Recovery Appellate Tribunal (DRAT), Mumbai to also discharge the functions of the Chairperson of DRAT, Delhi, in addition to his role at DRAT Mumbai, for deciding specified appeals and connected proceedings: Ramesh Kumar & Anr. vs SBI & Ors. (Appeal No. 5 of 2023, arising from S.A. No. 19 of 2023, DRT-I Delhi); Punjab National Bank vs M/s Sundar Nagar Integrated Rural Development Association (SIRDA) (Appeal No. 50 of 2021, arising from O.A. No. 30/2020, DRT-I Chandigarh); Punjab National Bank vs M/s Rishi Boys Hostel & Ors. (Appeal No. 51 of 2021, arising from O.A. No. 26 of 2020, DRT-I Chandigarh); Yogesh Jain & Ors. vs Central Bank of India & Ors. (Appeal No. 415 of 2018, arising from O.A. No. 254 of 2010, DRT-III Delhi); and Central Bank of India vs Yogesh Jain & Ors. (Appeal No. 499 of 2018, arising from O.A. No. 254 of 2010, DRT-III Delhi). The order is signed by S.D. Sharma, Under Secretary, under file number F. No. 09/22/2023-DRT.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-05032024-252598 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1009] NEW DELHI, TUESDAY, MARCH 5, 2024/PHALGUNA 15, 1945 MINISTRY OF FINANCE (Department of Financial Services) ORDER New Delhi, the 5th March, 2024 S.O. 1058(E). In exercise of the powers conferred by sub-section (3) of section 8 of the Recovery of Debts and Bankruptcy Act, 1993 (51 of 1993), the Central Government hereby authorises the Chairperson of the Debts Recovery Appellate Tribunal, Mumbai to discharge also the functions of the Chairperson of the Debts Recovery Appellate Tribunal, Delhi for deciding the appeals in the matter of 'Ramesh Kumar & Anr. Vs SBI & Ors. (Appeal No. 5 of 2023 arising out of S.A. No. 19 of 2023 (DRT-I, Delhi) and its connected proceedings), Punjab National Bank vs M/s Sundar Nagar Integrated Rural Development Association (SIRDA), (Appeal No. 50 of 2021 arising out of O.A. No. 30/2020 (DRT-I, Chandigarh) and its connected proceedings), Punjab National Bank vs M/s Rishi Boys Hostel & Ors. (Appeal No. 51 of 2021 arising out of O.A. No. 26 of 2020 (DRT-I, Chandigarh) and its connected proceedings), Yogesh Jain & Ors. vs Central Bank of India & Ors. (Appeal No. 415 of 2018 arising out of O.A. No. 254 of 2010 (DRT-III, Delhi) and its connected proceedings) and Central Bank of India vs Yogesh Jain & Ors. (Appeal No. 499 of 2018 arising out of O.A. No. 254 of 2010 (DRT-III, Delhi) and its connected proceedings) in addition to his being the Chairperson of the Debts Recovery Appellate Tribunal, Mumbai. [F. No. 09/22/2023-DRT] S. D. SHARMA, Under Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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