One more Debts Recovery Tribunal at Bengaluru in the State of Karnataka established Sl.12

Dated 30th January, 2017 | Copy of | Notification Sl.12 |

Whereas, by a notification of the Government of India in the Ministry of Finance number G.S.R.832(E), dated the 30th November, 1994, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), the Central Government established the Debt Recovery Tribunal at Bengaluru in the State of Karnataka;

And whereas, the Central Government has considered it necessary to establish one more Debts Recovery Tribunal at Bengaluru in the State of Karnataka.

Now, therefore, in exercise of the powers conferred by section 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), the Central Government hereby establishes one more Debts Recovery Tribunal at Bengaluru in the State of Karnataka with effect from the 1st day of February, 2017 and consequent thereupon, the existing Debts Recovery Tribunal at Bengaluru will be known as Debts Recovery Tribunal-1, Bengaluru and the newly established Debts Recovery Tribunal will be known as Debts Recovery Tribunal-2, Bengaluru and in supersession of the notification of the Government of India in the Ministry of Finance number G.S.R.832(E), dated the 30th November, 1994, hereby specifies the areas of jurisdiction of the Debts Recovery Tribunals at Bengaluru in the State of Karnataka as under, namely:-

TABLE

Sd/-
(Anandrao V. Patil)
Jt. Secy.

S.O.298(E)
F.No.1/1/2016-DRT
Issued by:
Ministry of Finance
(Department of Financial Services)
New Delhi