Govt. establishes one more Debt Recovery Tribunal at Chandigarh wef. February 13, 2017

SECTION 3 OF THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 - TRIBUNAL - ESTABLISHMENT OF - ESTABLISHMENT OF ONE MORE DEBTS RECOVERY TRIBUNAL AT CHANDIGARH

NOTIFICATION NO. SO 379(E) [F.NO.1/2/2016-DRT], 2017- 02 -9

Whereas, by a notification of the Government of India in the Ministry of Finance number G.S.R. 258(E), dated the 24th March, 2000, published in the Gazette of India, Extraordinary, Part II, Section 3 Sub-section (i), the Central Government established the Debt Recovery Tribunal at Chandigarh, known as Debts Recovery Tribunal No. 1;

And whereas, by a notification of the Government of India in the Ministry of Finance number G.S.R. 397 (E), dated the 4th July, 2006, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), the Central Government established a second Debts Recovery Tribunal at Chandigarh, known as Debts Recovery Tribunal No. 2;

And whereas, the Central Government has considered it necessary to establish one more Debts Recovery Tribunal at Chandigarh.

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 Chandigarh with effect from the 13th day of February, 2017 to be known as Debts Recovery Tribunal – 3, Chandigarh, and consequent thereupon, and in supersession of the notification of the Government of India in the Ministry of Finance numbers G.S.R. 258(E), dated the 24th March, 2000 and G.S.R. 397 (E) , dated the 4th July, 2006, hereby specifies the areas of jurisdiction of the Debts Recovery Tribunals at Chandigarh as under, namely:—

TABLE

S. No.Name of Debts Recovery TribunalLocationArea of Jurisdiction(1)(2)(3)(4)1.

Debts Recovery

Tribunal-1, Chandigarh

1st and 2nd Floor, SCO No.39-40,

Sector 8C, Madhya Marg, Chandigarh

Amritsar, Barnala, Bhatinda, Faridkot, Fatehgarh Sahib, Fazilka, Ferozpur, Gurdaspur, Hoshiarpur and Jalandhar districts in the State of Punjab and the State of Himachal Pradesh2.

Debts Recovery

Tribunal-2, Chandigarh.

2nd Floor, PNB House, Sector-17B, Chandigarh

State of Haryana and Union Territory of Chandigarh3.

Debts Recovery

Tribunal-3, Chandigarh

SCO 33-34-35, Sector 17A, Chandigarh

Kapurthala, Ludhiana, Mansa, Moga, Muktsar, Pathankot, Patiala, Rupnagar, Sangrur, SAS Nagar, Nawanshahr and Tarantaran districts in the State of Punjab