Home India Ministry of Finance Authorisation of Chairperson of DRAT, Allahabad regarding di...
Date: 02-Jun-2023 Category: Extra Ordinary State: Union Government Country: India

Authorisation of Chairperson of DRAT, Allahabad regarding discharging the functions of Chairperson, DRAT, Delhi.

Issued by Ministry of Finance · Department of Financial Services

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Executive Summary & Key Takeaways

What it means

  • The notification authorizes the Chairperson of the Debts Recovery Appellate Tribunal (DRAT), Allahabad, to also function as the Chairperson of DRAT, Delhi. This authorization is specifically for deciding the appeal in the matter of MA No. 18/2022, 'Sajjan Kumar Halwai Vs India SME Asset Reconstruction Limited and its connected proceedings'.

Key Changes

  • The Chairperson of DRAT Allahabad is authorized to discharge the functions of the Chairperson of DRAT Delhi, in addition to their existing role.
  • This authorization is limited to deciding the appeal in MA No. 18/2022, 'Sajjan Kumar Halwai Vs India SME Asset Reconstruction Limited and its connected proceedings'.
  • The order is issued by the Central Government in exercise of powers conferred by sub-section (3) of section 8 of the Recovery of Debts and Bankruptcy Act, 1993.

Impact Analysis

Debtors and Creditors involved in MA No. 18/2022

  • Stakeholders involved in the case Sajjan Kumar Halwai Vs India SME Asset Reconstruction Limited will be impacted.

Debts Recovery Appellate Tribunal (DRAT), Allahabad

  • DRAT Allahabad will need to allocate resources to support the Chairperson in handling the additional case.

Debts Recovery Appellate Tribunal (DRAT), Delhi

  • May allow DRAT Delhi to focus on other pending cases.

Action Items

  • Ministry of Finance: Monitor the progress of the case and ensure that the arrangement is functioning effectively.

Key Entities Referenced

Central Government: The issuer of the order, acting through the Ministry of Finance (Department of Financial Services). Debts Recovery Appellate Tribunal (DRAT), Allahabad: One of the key entities, whose Chairperson is authorized to take on additional responsibilities. Debts Recovery Appellate Tribunal (DRAT), Delhi: The other key entity, whose functions are temporarily assigned to the Chairperson of DRAT, Allahabad for a specific case. Recovery of Debts and Bankruptcy Act, 1993: The legislation that provides the legal basis for the order, specifically section 8, sub-section (3). Sajjan Kumar Halwai Vs India SME Asset Reconstruction Limited: The specific appeal case (MA No. 18/2022) for which the authorization is granted.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02062023-246243 xxxGIDHxxx CG-DL-E-02062023-246243 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2296] नई ददल्ली, िुक्रिार, िनू 2, 2023/ज्य ष्े ठ 12, 1945 No. 2296] NEW DELHI, FRIDAY, JUNE 2, 2023/JYAISHTHA 12, 1945 जित्त मत्रं ालय (जित्तीय सिे ाए ं जिभाग) आदेि नई ददल्ली, 2 िून, 2023 का.आ. 2393(अ).—ऋण िसूली और िोधन अक्षमता अजधजनयम, 1993 (1993 का 51) की धारा 8 की उप- धारा (3) द्वारा प्रदत्त िजियों का प्रयोग करते हुए, केन्द्रीय सरकार, एतद्द्वारा, ऋण िसूली अपीलीय अजधकरण, इलाहाबाद के अध्यक्ष को ऋण िसलू ी अपीलीय अजधकरण, इलाहाबाद का अध्यक्ष बने रहने के अजतररि ‘ (एम ऐ संख्या 18/2022- सज्जन कुमार हलिाई बनाम इंजडया एस. एम.् ई एसेट ररकंस्ट्रक्िन कंपनी जलजमटेड और इससे संबंजधत काययिाजहयां)’ की अपील के मामले म ें जनणयय दने े के जलए ऋण िसूली अपीलीय अजधकरण, ददल्ली के अध्यक्ष का काय य करन े हते ु प्राजधकृत करती ह।ै [फा. स.ं 9/13/2023-डीआरटी] संिय कुमार, जनदेिक 3483 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Financial Services) ORDER New Delhi, the 2nd June, 2023 S.O. 2393(E).—In exercise of the powers conferred by sub-section (3) of section 8 of the Recovery of Debts and Bankruptcy Act, 1993 (51 of 1993), the Central Government hereby authorises the Chairperson of the Debts Recovery Appellate Tribunal, Allahabad to discharge also the functions of the Chairperson of the Debts Recovery Appellate Tribunal, Delhi for deciding the appeal in the matter of (MA No. 18/2022 titled ‘Sajjan Kumar Halwai Vs India SME Asset Reconstruction Limited and its connected proceedings)’, in addition to his being the Chairperson of the Debts Recovery Appellate Tribunal, Allahabad. [F. No. 9/13/2023-DRT] SANJAY KUMAR, Director Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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