Question
What are the various modes for the recovery of the
amount of debt as specified in the certificate u/s 19 of the Recovery of Debts and Bankruptcy Act?Solution
Section 25.  Modes of recovery of debts: The Recovery Officer shall, on receipt of the copy of the certificate under sub-section (7) of section 19, proceed to recover the amount of debt specified in the certificate by one or more of the following modes, namely:-- (a) attachment and sale of the movable or immovable property of the defendant; (aa) taking possession of property over which security interest is created or any other property of the defendant and appointing receiver for such property and to sell the same; (b) arrest of the defendant and his detention in prison; (c) appointing a receiver for the management of the movable or immovable properties of the defendant; (d) any other mode of recovery as may be prescribed by the Central Government.
Market is a place of ______.
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