Govt establish one more Debts Recovery Tribunal at Ernakulam

MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 2nd May, 2016

S.O. 1641(E).— Whereas, by a notification of the Government of India in the Ministry of Finance number G.S.R. 397, dated the 4^th October, 1999, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) dated the 11^th December, 1999, the Central Government established the Debts Recovery Tribunal at Ernakulam, in the State of Kerala;

And whereas, the Central Government has considered it necessary to establish one more Debts Recovery Tribunal at Ernakulam in the State of Kerala;

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 Ernakulam in the State of Kerala with effect from the 9^th day of May, 2016 and consequent thereupon, the existing Debts Recovery Tribunal will be known as Debts Recovery Tribunal-1, Ernakulam and the newly established Debts Recovery Tribunal will be known as Debts Recovery Tribunal-2, Ernakulam and in supersession of the notification of the Government of India in the Ministry of Finance number G.S.R. 397, dated the 4^th October, 1999 and all subsequent notifications relating to change of location of the existing Debts Recovery Tribunal at Ernakulam, except as respects things done or omitted to be done before such supersession, hereby specifies the areas of jurisdiction of the Debts Recovery Tribunals at Ernakulam, Kerala as under, namely:-

TABLE

[F. No. 1/2/2014-DRT] RAJESH AGGARWAL, Jt. Secy.

Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R. 397 (E), dated the 11^th December, 1999.