Quick Summary
The Ministry of Finance, Department of Financial Services, has issued a fresh notification authorising the Chairperson of the Debts Recovery Appellate Tribunal (DRAT), Delhi, to decide two significant appeals involving Punjab National Bank (PNB). The order has been issued under the powers granted by
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Chairperson of the Debts Recovery Appellate Tribunal (DRAT), Delhi, has been empowered to decide the PNB appeals.
The notification covers two appeals: Punjab National Bank vs M/s Sundar Nagar Integrated Rural Development Association (Appeal No. 50 of 2021) and Punjab National Bank vs M/s Rishi Boys Hostel & Others (Appeal No. 51 of 2021).
The authorisation is issued under Section 8(3) of the Recovery of Debts and Bankruptcy Act, 1993.
These special authorisations are issued by the Central Government to ensure pending appeals are heard and disposed of efficiently, especially in cases involving significant banking recoveries or requiring specific administrative arrangements.
The original cases for these appeals arose from proceedings before DRT-I, Chandigarh.
CAclubindia
