Power of Tribunal to Issue Certificate of Recovery in Case of Decree or Order as per Debts Recovery Tribunals

The Debts Recovery Tribunals (DRTs) have the power to issue a certificate of recovery in case of a decree or order passed by them. The certificate of recovery is a document that is issued to the Recovery Officer (RO) requiring him/her to recover the amount due to the creditor from the debtor.

The DRT can issue a certificate of recovery if the following conditions are satisfied:

  • A decree or order has been passed by the DRT.
  • The decree or order is for the recovery of a debt.
  • The debt is due and payable.
  • The debtor has failed to pay the debt.

The certificate of recovery will contain the following information:

  • The amount due to the creditor.
  • The name and address of the debtor.
  • The name and address of the Recovery Officer.
  • The date on which the certificate of recovery is issued.

The Recovery Officer will take necessary steps to recover the amount due to the creditor from the debtor in accordance with the provisions of the Recovery of Debts and Bankruptcy Act, 1993.

Here are some MCQs on the power of tribunal to issue certificate of recovery in case of decree or order as per Debts Recovery Tribunals (DRTs) under the Recovery of Debts and Bankruptcy Act, 1993:

  1. Can a Debts Recovery Tribunal (DRT) issue a certificate of recovery?
    • Yes
    • No
    • Only if the debtor agrees to it.
    • Only if the creditor agrees to it.
    • The answer is Yes. A Debts Recovery Tribunal (DRT) can issue a certificate of recovery if the conditions mentioned above are satisfied.
  2. What are the conditions that must be satisfied for the DRT to issue a certificate of recovery?
    • A decree or order has been passed by the DRT.
    • The decree or order is for the recovery of a debt.
    • The debt is due and payable.
    • The debtor has failed to pay the debt.
    • All of the above
    • The answer is All of the above. The DRT can issue a certificate of recovery only if all of the conditions mentioned above are satisfied.
  3. What information will be contained in the certificate of recovery?
    • The amount due to the creditor.
    • The name and address of the debtor.
    • The name and address of the Recovery Officer.
    • The date on which the certificate of recovery is issued.
    • All of the above
    • The answer is All of the above. The certificate of recovery will contain all of the information mentioned above.