Question
Under Section 19(5B), if a defendant admits the full or
part of the debt, the Tribunal orders payment within how many days from the order date? If unpaid, what does the Tribunal issue?Solution
Section 19(5B) provides that where a defendant makes an admission of the full or part of the debt due, the Tribunal shall order payment of the admitted amount within thirty days from the date of such order. If the defendant fails to pay within 30 days, the Tribunal may issue a certificate of recovery to the extent of the admitted amount (even while the contested portion continues to be litigated). This provision enables partial recovery without awaiting final adjudication of the entire disputed amount, improving cash flow for banks. The certificate is issued under the Presiding Officer's signature to the Recovery Officer for execution.
Beaushening is practiced
In which type of inflorescence does the main axis continue to grow, and flowers are borne laterally in an acropetal succession?
In choosing between the two completing resources, the saving in the resource replaced must be greater than the cost of resource added. Which of the foll...
According to latest Final estimates of Foodgrain production 2023-24, Which state is the largest producer of sugarcane in India?
A system in which forest trees are grown along with agricultural crops and grasses on the same land at the same time is known as ____
For fiber purpose jute crop should be harvested at which of the following stage?
Small pelagic fish which are preyed on by larger predators for food is known as
Which of the following statements is/are true about nitrogen (N) in soil fertility?
Statement A: Nitrogen is an essential nutrient required for p...
Which of the following soil microorganisms is responsible for fixing atmospheric nitrogen into a usable form for plants?
Alkali soil having pH of-