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Core Purpose

Order under section 8(3) of the Recovery of Debts and Bankruptcy Act, 1993 authorising the Chairperson of the Debts Recovery Appellate Tribunal, Mumbai to also discharge the functions of Chairperson of the Debts Recovery Appellate Tribunal, Delhi for two specified appeals.

Detailed Summary

The Ministry of Finance, Department of Financial Services, by S.O. 4872(E) dated 9th October 2023 (F. No. 09/19/2023-DRT), exercising powers under sub-section (3) of section 8 of the Recovery of Debts and Bankruptcy Act, 1993 (51 of 1993), authorised the Chairperson of the Debts Recovery Appellate Tribunal, Mumbai to additionally discharge the functions of the Chairperson of the Debts Recovery Appellate Tribunal, Delhi specifically for deciding the appeals in 'Kotak Mahindra Bank Vs Hindon River Mills Ltd. and Others' (Appeal No. 190 of 2018 and connected proceedings) and 'Yes Bank Ltd. Vs Kotak Mahindra Bank and Others' (Appeal No. 319 of 2018 and connected proceedings), in addition to his existing role as Chairperson of the Debts Recovery Appellate Tribunal, Mumbai. The order was signed by Subashchandra Amin, Under Secretary.

Full Text

7074 GI/202 3 (1) EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 4672] NEW DELHI, THURS DAY , NOVEMBER 9, 2023/ KARTIKA 18, 1945 CG-DL-E-09112023-249980 MINISTRY OF FINANCE (Department of Financial Services) ORDER New Delhi, the 9th October , 2023 S.O. 4 872(E).— In exercise of the powers conferred by sub -section (3) of sec tion 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 Appell ate Tribunal, Delhi for deciding the appeals in the matter of ‘Kotak Mahinda Bank Vs Hindon River Mills Ltd. and Others (Appeal No. 190 of 2018 and its connected proceedings)’, AND in the matter of ‘Yes Bank Ltd. Vs Kotak Mahindra Bank and Others (Appeal N o. 319 of 2018 and its connected proceedings)’ in addition to his being the Chairperson of the Debts Recovery Appellate Tribunal, Mumbai. [F. No. 09/19/2023 -DRT] SUBASHCHANDRA AMIN , Under Secy. Uploaded by Dt e. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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