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Core Purpose

The Central Government authorizes the Chairperson of the Debts Recovery Appellate Tribunal, Delhi, to decide specific appeals in continuation of a previous notification.

Detailed Summary

The Ministry of Finance, Department of Financial Services, issued Order S.O. 3872(E) on July 14, 2026. In exercise of powers conferred by sub-section (3) of section 8 of the Recovery of Debts and Bankruptcy Act, 1993 (51 of 1993), and as a continuation of notification S.O. 1058(E) dated March 5, 2024, the Central Government has authorized the Chairperson of the Debts Recovery Appellate Tribunal, Delhi. This authorization is specifically for deciding appeals in the matter of Punjab National Bank vs M/s Sundar Nagar Integrated Rural Development Association (SIRDA), identified as Appeal No. 50 of 2021, which arose from O.A. No. 30/2020 (DRT-I, Chandigarh), and its connected proceedings. Additionally, the authorization covers the appeals in Punjab National Bank vs M/s Rishi Boys Hostel & Ors., identified as Appeal No. 51 of 2021, arising from O.A. No. 26 of 2020 (DRT-I, Chandigarh), and its connected proceedings.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-14072026-274498 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3710] NEW DELHI, TUESDAY, JULY 14, 2026/ASHADHA 23, 1948 MINISTRY OF FINANCE (Department of Financial Services) ORDER New Delhi, the 14th July, 2026 S.O. 3872(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) and in continuation of the notification S.O. 1058(E) dated 05.03.2024, the Central Government hereby authorises the Chairperson of the Debts Recovery Appellate Tribunal, Delhi for deciding the appeals in the matter of 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) and 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). [F. No. 09/22/2023-DRT] SHALINI PANDIT, Jt. Secy.

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