Question
Under which Act is the legal framework for the recovery
of debts by banks and financial institutions governed?Solution
the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 governs the recovery of debts by banks and financial institutions. This statute empowers banks and financial institutions to recover debts due to them by initiating legal proceedings before the Debt Recovery Tribunals. The Act provides a specialized mechanism for the expeditious adjudication and enforcement of debt recovery matters, ensuring timely resolution of disputes between banks/financial institutions and their borrowers.
Offences relating to Public servants is exclusively covered under which Chapter of IPC?
Which of the following punishment is not for waging war against the government of India?
A person who finds goods belonging to another, and takes them into his custody, is subject to the _________________
What is the punishment to commit an affray in terms of imprisonment?
When a document is executed in counter-parts, it_________.
Which section of the Indian Evidence Act, 1872 defines Public documents?
Admissibility of electronic records is provided under which section of the Indian Evidence Act, 1872?
As per the Bharatiya Nagarik Suraksha Sanhita, under what circumstance can a Court of Sessions take cognizance of an offence as a Court of Original jur...
According to the IBC the liquidator shall communicate his decision of admission or rejection of claims to the creditor and corporate debtor within _____...
Abetting commission of offence by public or more than _____ people is punishable with 3 years of imprisonment.
