📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Under Section 23, who may act as a Presenting Officer on

      behalf of a bank or financial institution before the DRT/DRAT?
      A One or more legal practitioners or any of its officers authorised by the bank or financial institution Correct Answer Incorrect Answer
      B Only advocates enrolled in the State Bar Council having jurisdiction over the Tribunal Correct Answer Incorrect Answer
      C Only officers of the bank not below the rank of Branch Manager Correct Answer Incorrect Answer
      D Only Senior Advocates with at least 10 years of practice Correct Answer Incorrect Answer
      E Only officers appointed by the Central Government as Public Presenting Officers Correct Answer Incorrect Answer

      Solution

      Section 23(1) provides that a bank or financial institution making an application to a Tribunal or an appeal to an Appellate Tribunal may authorise one or more legal practitioners or any of its officers to act as Presenting Officers, and every person so authorised may present its case before the Tribunal or the Appellate Tribunal. There is no restriction on the seniority or designation of the bank officer. Section 23(2) provides that the defendant may either appear in person or authorise one or more legal practitioners or any of his officers to present his case. This broad right to representation ensures accessibility for banks across the country.

      Practice Next
      More Banking Related Laws Questions
      ask-question